Equistone completed the acquisition of majority stake in Bulgin from Elektron Technology for $128m.

Equistone, a private equity firm, completed the acquisition of a majority stake in Bulgin, a manufacturer of high-performance engineered products, from Elektron Technology, an application software provider for $128m. “In recent years, Bulgin’s management has successfully expanded the company’s addressable market through the launch of new products, whilst continuing to drive profitability through a focus on differentiated high-margin engineered solutions. Equistone’s investment will provide the capital to support significant scale-up of new product development, fund improvements to its operational facilities and optimise the sales and distribution infrastructure, as well as to back targeted strategic acquisitions. We are excited to be working with Bulgin on consolidating its position as a leading provider of connectivity solutions,” Tristan Manuel, Equistone Investment Director.