M&A Deal Summary

ABB Acquires Elbi

On September 6, 2013, ABB acquired electrical equipment company Elbi from Ahlstrom Capital

Acquisition Highlights
  • This is ABB’s 10th transaction in the Electrical Equipment sector.
  • This is ABB’s 1st transaction in Turkey.

M&A Deal Summary

Date 2013-09-06
Target Elbi
Sector Electrical Equipment
Buyer(s) ABB
Sellers(s) Ahlstrom Capital
Deal Type Add-on Acquisition

Target

Elbi

Istanbul, Turkey
website
Elbi designs and manufactures electrical wiring accessory products for the Turkish market, and exports to Eastern Europe with its own local sales organization. Elbi was formed in 1987 and is based in Istanbul, Turkey.

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Buyer(S) 1

Buyer

ABB

Zurich, Switzerland

website


Category Company
Founded 1883
Sector Engineering
Employees104,000
Revenue 29.4B USD (2022)
DESCRIPTION
Entrance to ABB's headquarters in Zurich, Switzerland.
Entrance to ABB's headquarters in Zurich, Switzerland.

ABB is an engineering company that helps customers use electrical power effectively and increase industrial productivity in a sustainable way. ABB creates and supports a range of products, systems and services that increase energy efficiency, reliability and productivity for a variety of industrial, utility, and transport and infrastructure customers. ABB was founded in 1883 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 23 of 37
Sector (Electrical Equipment) 10 of 13
Type (Add-on Acquisition) 22 of 34
Country (Turkey) 1 of 1
Year (2013) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-05 Newron System S.A.

Toulouse, France

Newron System S.A. is a developer of software for building-automation solutions and sells it via high-end distributors and installers. The software enables devices, such as blind controls and lights, to communicate with each other and to be managed centrally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Los Gatos Research

Mountain View, California, United States

Los Gatos Research, Inc. is a provider of analyzers and services to a wide range of customers needing real-time measurement of trace gases and isotopes for research and environmental monitoring. Its novel and innovative laser-based measurement strategies allow for non-destructive analysis of gases and liquids.

Buy -

Seller(S) 1

SELLER

Ahlstrom Capital

Helsinki, Finland

Investor Investor Investor Investor Investor

website


Category Family Office
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION
Ahlstrom's main office in downtown Helsinki.
Ahlstrom's main office in downtown Helsinki.

Ahlström Capital is a family-owned, Nordic private equity firm that looks to invest in middle-market industrial companies as well as real estate. Within its industrial practice, Ahlstrom targets companies generating €100 to €500 million of annual revenue. Specific areas of interest include businesses providing innovative and advanced fiber-based materials, as well as industrial technology and related services. Within real estate, the Firm looks to acquire buildings and forest land. Ahlstrom Capital was formed in 2001 and is based in Helsinki, Finland.


DEAL STATS #
Overall 8 of 12
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 3 of 5
Country (Turkey) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-20 Cencorp Oyj

Mikkeli, Finland

Cencorp is a leading provider of laser and industrial automation solutions. The product portfolio includes equipment designed for depaneling, odd-form and automated assembly, test handling and laser applications. In addition, Cencorp manufactures special components for the mobile phone industry, including EMI shielding solutions, flexible circuits, decorations and RFID antennas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-26 Destia

Vantaa, Finland

Destia is an infrastructure and construction service company that implements tomorrow's infrastructure for customers, society, and people. The company creates a sustainable foundation for urban innovation and smart infrastructure solutions that enable the movement of people, goods, services, and energy as a natural part of northern life. The unique infra consciousness of 1,700 Destians makes tomorrow's infra true. Its services cover the entire infrastructure lifecycle from design to implementation and maintenance. Destia was formed in 2008 and is based in

Buy €148M