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New Deal


Announced

Completed

Benshaw completed the acquisition of Hiconics Europe.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

Completed

Electrical Components

Majority

Private

Acquisition

Friendly

medium voltage drives

Cross Border

Single Bidder

Synopsis

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Benshaw, a provider of applied motor control solutions, completed the acquisition of Hiconics Europe, one of the largest manufacturers of medium voltage drives worldwide. Financial terms were not disclosed. "We are pleased to have the Hiconics Europe team bring their expertise to Benshaw and our affiliated companies — Aucom Electronics and Excel Industrial Electronics. We will build IEC rated products at our German factory and UL listed products in our Pittsburgh facility after completion of UL compliance testing," Pete Morgan, Benshaw President.

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