takeover

News aus der Elektroindustrie

nVent Electric, is a world leader in electrical connection and protection solutions, acquired....

nVent Electric, is a world leader in electrical connection and protection solutions, acquired the enclosures manufacturer Eldon based in Jaen / Spain on 4 September 2019.

The purchase price is approx.130 m USD (119 m EUR) and the assumption of debts. Eldon manufactures mainly in Romania and in 2018 they had a turnover of approx. 90 m USD (82 m EUR). The purchase has yet to be approved by the competition authority.

The Eldon enclosure program fits well with nVent, which already has a leading position in the market with its Erico, Hoffmann, Schroff, Raychem and Tracer brands.

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29
Aug

Osram has canceled the existing standstill agreement with AMS and signed a cooperation agreement. .....

Osram has canceled the existing standstill agreement with AMS and signed a cooperation agreement. This allows the Austrian semiconductor group to submit a voluntary public takeover bid. The offer is expected to be at 38.50 EUR in cash per share, i.e. 10% more than from the financial investors Bain Capital and the Carlyle group. However, the condition for the sale is that at least 70% of Osram shareholders sell their securities.

Olaf Berlien, CEO of OSRAM Licht AG, is pleased that his shareholders can now choose between two offers. It is important for him in addition to a secure financing, the preservation of the interests of his employees. The cooperation agreement with AMS therefore stipulates that Munich will become Co-headquarter with global central functions and the name Osram will remain.

The big challenge lies in the fact that an industrial group with almost 4 bn EUR turnover should be taken over by a much smaller company.

The digital business and the consumer business with LED lamps, however, will be sold.

The deal must still be approved by the relevant competition authorities.

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13
Aug

In our electro-insider on July 9, we reported that Osram is going to be sold,....

In our electro-insider on July 9, we reported that Osram is going to be sold, whereupon a bidder consortium from Bain Capital and the Carlyle Group wanted to completely take over Osram and offered 35 EUR per share in cash.


Now, the Austrian semiconductor group AMS from Premstetten has submitted an offer for 38.50 EUR per share, which would be about 300 m EUR more than from the financial consortium.

However, the committee headed by the Osram CEO, Olaf Berlien, supports the offer of the two financial investors, who have founded a holding called Luz (C-BC) Bidco GmbH specifically for this takeover.


If Luz Bidco gets the contract, it is, amongst other things, the goal of taking Osram from the stock market.

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09
Jul

A bidding consortium comprising Bain Capital and the Carlyle Group ...

A bidding consortium comprising Bain Capital and the Carlyle Group has submitted a legally binding transaction offer to the management board and the supervisory board of OSRAM Licht AG for the public takeover of all Osram shares.

Osram and the consortium have also signed an investor agreement that includes comprehensive commitments. Bain and Carlyle have assured that they will fully support the management team and work closely with the current board to drive the transformation of Osram forward. Osram will  continue after the takeover under the existing name. The company headquarters remain in Munich, and the rights to all patents remain with Osram.

As part of the public takeover offer, shareholders will be offered 35 EUR per share in cash. This corresponds to a premium of around 21% compared to the last closing price of the Osram share.

Olaf Berlien, the CEO of Osram, supports the offer.

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At the beginning of June 2019, Würth acquired the electrical wholesalers Electro-Stocks,

At the beginning of June 2019, Würth acquired the electrical wholesalers Electro-Stocks, headquartered in Barcelona and 56 branches. The group also includes the companies Kilovatio and the newly established company Fluid-Stocks. In total, there are now about 65 branches with a turnover of approx. 300 m EUR.

Electro-Stocks was founded in 1981 and was taken over in 2016 after some financial turbulences by the British investment company Apax Partners.

Mid-2018, Electro-Stocks has started a new business model; under the brand "Fluid-Stocks", they will concentrate exclusively on climate, plumbing and professional refrigeration.

With this new acquisition, Würth is now, after Rexel and Sonepar, the number 3 of the electrical wholesale groups in Spain.

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Solar from Denmark took over the HVAC business segment of Onninen AB in Sweden;

Solar from Denmark took over the HVAC business segment of Onninen AB in Sweden; this was previously agreed with the parent company Kesko from Finland. The purchase price amounts to 45 m DKK (6 m EUR).

The acquisition now strengthens the heating, plumbing, and air conditioning activities of Solar in Sweden, and has an impact on the year-end forecast for 2019. Solar now expects sales of at least 11.6 bn DKK (1.6 bn EUR).

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Sacchi, a member of the Sonepar Group, took over the electrical wholesaler Demo Elettroforniture from Casale Monferrato on 7 May 2019.

Sacchi, a member of the Sonepar Group, took over the electrical wholesaler Demo Elettroforniture from Casale Monferrato on 7 May 2019. Demo has 35 branches, employs about 300 people and has an annual turnover of 118 m EUR.

With this recent acquisition, Sonepar's sales in Italy will increase to approx. 1,250 m EUR p.a.

Demo was until now connected to the Findea marketing association, which in turn belongs to the international IDEE-Group; this membership will now be terminated.

This take-over still needs to be approved by the relevant competition authorities.

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Sonepar took over the Italian wholesale group Elettroveneta from Padua at the beginning of March.

Sonepar took over the Italian wholesale group Elettroveneta from Padua at the beginning of March.

Rumors of a change in the Italian electrical wholesale market have been around for some time, but seeing that Sonepar has taken over Elettroveneta, this was quite surprising.

Elettroveneta is it’s headquarter in Padua with a further 34 branches and has been a member of the Findea marketing organization, which in turn is a member of the international association IDEE.

Until the takeover by Sonepar, Elettroveneta has formed a market community called Sistema E with Ferri Elettroforniture from Pescara and their 11 agencies.
The takeover must still be approved by the respective antitrust authorities.

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12
Mar

Solar from Denmark takes over the majority of the Swedish Onninen branches from the Finnish parent company Kesko.

Solar from Denmark takes over the majority of the Swedish Onninen branches from the Finnish parent company Kesko.

One talks about the business unit heating and air conditioning and 12 branches, but that is almost the entire distribution network in Sweden. The turnover of the acquired branches amounts to DKK 400 m (EUR 53 m).

The transaction is expected to be completed by the end of the second quarter of 2019 at the latest.

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At the shareholders' general meeting of Osram Licht AG on 19 February, the shareholders wanted information...

At the shareholders' general meeting of Osram Licht AG on 19 February, the shareholders wanted information on the status of a takeover by third parties. The board blocked in order not jeopardize ongoing talks.

But it is an open secret that Osram has conducted intensive discussions with the investors Bain Capital and the Carlyle Group. The audits continue: a decision on whether and how many percent will be taken is expected to fall by the end of March.

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