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New Deal


Announced

Cornell Capital-backed Lorom completed the acquisition of In-Tech.

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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Diversified Engineering Procurement Construction (EPC)

engineering services

Germany

Private

Private Equity

Cross Border

Single Bidder

Acquisition

Majority

Completed

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Synopsis

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Cornell Capital-backed Lorom, a manufacturer of specialized cable manufacturing and assembly, completed the acquisition of In-Tech, an electronic manufacturing and development services company. Financial terms were not disclosed. "Today's announcement marks the creation of a one-stop-shop solutions provider, delivering customized solutions and services to our long-standing customer base. We look forward to partnering with the talented In-Tech team to support our valued customers around the world and drive the next chapter of growth of the combined company," John X. Zhang, Lorom CEO.

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