sale

News aus der Elektroindustrie

26
Nov

Anixter International, the world's largest manufacturer / distributor of .....

Anixter International, the world's largest manufacturer / distributor of cables and wires from Glenview / IL , has decided to sell its business to a partner of Clayton, Dubilier & Rice (CD & R). The transaction has yet to be approved by the various competition authorities, but is expected to close in the first quarter of next year. The sales value is 3.8 bn USD (3.5 bn EUR).

From January to September 2019, Anixter's revenue was 6.6 bn USD (6 bn EUR), an increase of 5% over the previous year.

Net income increased 41% to 162 m USD (147 m EUR).

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16
Oct

Eaton has sold its lighting business to Signify of the Netherlands for 1.4 bn USD (1.3 bn EUR) in cash. ......

Eaton has sold its lighting business to Signify of the Netherlands for 1.4 bn USD (1.3 bn EUR) in cash.

Signify N.V. is a lighting manufacturer based in Eindhoven/NL. Originally it was a division of the electronics manufacturer Philips and has been listed on the stock exchange as an independent company since May 2016.

Eaton's lighting division had sales of 1.7 bn USD (1.5 bn EUR) in 2018.

The transaction still has to be approved by the competition authorities. Final closing is expected in the 1st quarter of 2020.

Eaton's total sales in 2018 amounted to 21.6 bn USD (19.6 bn EUR), an increase of 5.9% over the previous year. Net profit in 2018 amounted to 2.145 m USD (1.945 m EUR), down a remarkable 28.2% on the previous year.

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Rehau will continue to operate this section still this year....

Rehau will continue to operate this section still this year. From the beginning of 2020, OBO Bettermann will then market these PVC cable trunking systems under the brand "REHAU - Cable Management by OBO", whereby the relevant competition authorities still have to agree.

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20
May

As we learned today, Rexel has sold its three Chinese companies,

As we learned today, Rexel has sold its three Chinese companies, Luckywell International Investment Ltd. and Beijing Luckywell Electrical Co., Ltd. on 31.1 2019 and Shanghai Maxqueen Industry Development Co. ltd. on 30.4.2019. To whom was not communicated.

 

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Cree from Durham / NC sells its lighting division (Cree Lighting) to Ideal Industries in Sycamore / IL. The selling price is approx.. 310 m USD (274 m EUR) before tax. Cree expects a down payment of 225 m USD (200 m EUR) and another bonus payment upon completion of the transaction.
 

Cree from Durham / NC sells its lighting division (Cree Lighting) to Ideal Industries in Sycamore / IL. The selling price is approx.. 310 m USD (274 m EUR) before tax. Cree expects a down payment of 225 m USD (200 m EUR) and another bonus payment upon completion of the transaction.

The completion of the transaction is expected for the 4th quarter, after approval by the various antitrust authorities.

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ABB is likely to sell its power grid business to the Japanese Hitachi group later this month.

ABB is likely to sell its power grid business to the Japanese Hitachi group later this month.

It has not yet been finally clarified how much Hitachi will take over and the price is still unclear. These issues are still under negotiation, but then, by the end of the year, Hitachi will be the second largest manufacturer in this segment behind GE.

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In early November, General Electric entered into a preliminary agreement to sell its Current luminaire...........

In early November, General Electric entered into a preliminary agreement to sell its Current luminaire.

business (LED lighting for commercial offices and industrial premises) to American Industrial Partners (AIP), a private equity company from New York.

Current would like to continue to use the GE brand; this should be agreed with a license agreement. The North American consumer lighting business (such as halogen lamps, fluorescent tubes, bulbs, etc.) is not part of the planned sale to AIP. GE wants to sell this section separately.

The transaction is expected to close early next year, subject to customary regulatory approvals.

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According to press reports, ABB appears to have recently entered into negotiations with Hitachi and Mitsubishi Electric......

According to press reports, ABB appears to have recently entered into negotiations with Hitachi and Mitsubishi Electric.

to eventually sell its power network business or part of it.

If it is possible, they would like to reserve a part for themselves and then sell it separately at a later time.

With an agreement it could possibly happen very quickly, but perhaps ABB would like to negotiate the one or the other additional element; then it would not happen until the beginning of the new year.

The division had a turnover of USD 10.4 bn (EUR 9.2 bn) in 2017 and that, according to expert opinion, should be at least the amount that one would like to redeem.

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As announced mid-December, the parent company Philips has sold 80.1% of its light division Lumileds to the investment company Apollo for 1.5 billion USD (1.4 billion EUR).

As announced in mid-December, the parent company Philips sold 80.1% of its Lumileds lighting division to its affiliate Apollo for $ 1.5 billion (€ 1.4 billion).

The remaining 19.9% ​​Philips wants to keep at least 3 years. A definitive deal is expected in the first half of 2017. As we said on January 25, 2016, Philips has acknowledged CFIUS's concerns about US foreign investment controls Sale of the LED division to the Chinese consortium Go Scale Capital canceled. Originally, Go Scale should own the 80.1% of Philips.

The purchase price would have been $ 3.3 billion at the time (€ 3.1 billion). So for now: a $ 1 7 billion ($ 1.7 billion) financial loss to Philips.

With this transaction, we want to start talking about the light business you want to focus on the health and medical business in the future.

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Textron, which focuses on aerospace, has announced that it has sold its Tools & Tests  division to Emerson for approx. USD  810 m (EUR  655 m).

Textron, which focuses on aerospace, has announced that it has sold its Tools & Tests  division to Emerson for approx. USD  810 m (EUR  655 m).

Included in the sale are all brands belonging to the Tools & Tests section, i.e. Greenlee, Greenlee Communications, Greenlee Utility, HD Electric, Klauke, Sherman + Reilly and Endura.

The transaction has yet to be approved by the various competition authorities, with a conclusion expected in the third quarter of 2018.

The proceeds will be used to fund additional share repurchases.

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