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New Deal


Announced

Methode Electronics to acquire Nordic Lights Group for $140m.

Financials

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Transaction Value£116m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

lighting solutions

Electronic Components and Equipment

Pending

Finland

Cross Border

Acquisition

Public

Single Bidder

Friendly

Synopsis

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Methode Electronics, a supplier of custom-engineered solutions for user interface, agreed to acquire Nordic Lights Group, a high-quality lighting solutions provider, for $140m. “Methode considers Nordic Lights to be highly complementary to its own existing LED lighting solutions. In addition, the business aligns well with our inorganic growth framework given its focus on engineered solutions for OEMs, its industrial and non-auto transportation market exposure, and its customer and geographic diversity. We look forward to working closely with the talented Nordic Lights team to grow and strengthen their business even further," Donald W. Duda, Methode Electronics President and CEO.

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