Announced
Financials
Tags
Electrical Components
electronic components
Pending
Private
Single Bidder
Cross Border
Private Equity
Acquisition
Majority
Friendly
Sweden
Synopsis
H2 Equity, a private equity firm, agreed to acquire Acal BFi, a manufacturer and distributor of electronic components, from discoverIE, an international designer and manufacturer of customised electronics, for $67m. "The group has developed significantly in recent years, with a substantial and higher growth design and manufacturing business becoming the core of operations. The sale of Acal BFi concludes the Group's exit from the business of distribution, with discoverIE becoming solely a global designer and manufacturer of customised electronics with higher operating margins, and provides additional resources to invest further in our growth," Nick Jefferies, discoverIE CEO.
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