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New Deal


Announced

Volex to acquire Prodamex SA de CV and Terminal & Cable TC for $18m.

Financials

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Transaction Value£13m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.7x
EV/EBITDA7.76x
Share Price Premium-
One Off Charge-

Tags

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cable harnesses

Electronic Equipment: Other

Majority

Pending

wire and cables

Friendly

Private

Single Bidder

Mexico

Acquisition

wire harnesses

Canada

Cross Border

Synopsis

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Volex, an integrated manufacturing specialist for performance-critical applications and power products, agreed to acquire the wire and cable harnesses providers Prodamex SA de CV and Terminal & Cable TC for $18m. "The acquisitions of Prodamex and TC further expand our geographic coverage and technical capabilities in North America. Each of these businesses represent a compelling acquisition in markets that offer us growth opportunities," Nat Rothschild, Volex Executive Chairman.

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