Announced
Completed
Synopsis
Arcline-backed Qnnect, a productivity app, completed the acquisition of Hermetic Solutions Group, an electrical components supplier from Windjammer Capital, a private equity firm. Financial terms were not disclosed. "Our strategy is to acquire industry-leading manufacturers of connectivity solutions whose technology and customer relationships bring significant long-term growth potential to Qnnect. HSG's differentiated hermetic solutions and position on premier U.S. defense platforms further cement Qnnect as a leading supplier of critical connectivity solutions. We're excited to welcome the HSG team to our growing portfolio and look forward to working together to best serve our customers," Kevin Perhamus, Qnnect CEO.
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