Connect Group to acquire IKOR from ebm-papst for $36m.

Connect Group, a certified contract manufacturer of modular assemblies, electronics and cable & harnesses assemblies, agreed to acquire IKOR, a manufacturer of electronic circuits for industrial and technological companies, from ebm-papst, an innovator of fans and motors, for $36m. ebm-papst retains a minority stake in IKOR shares. “This deal is an important milestone for Connect Group, as we can now focus even more effectively on serving, world-wide customers, and offering them the benefits of a 'glocal' – a global and local – presence they can count on. Our success to date has been based on anticipating and fulfilling the needs of our customers and providing them with solutions that enable them to be successful. I am confident that synergies between Connect Group and IKOR will create a win-win for our company, our customers, and wider stakeholders," Jeroen Tuik, Connect Group CEO.