M&A Deal Summary

Amphenol Acquires Halo Technology

On December 1, 2021, Amphenol acquired communications company Halo Technology from Inflexion for 715M USD

Acquisition Highlights
  • This is Amphenol’s 1st transaction in the Communications sector.
  • This is Amphenol’s 3rd largest (disclosed) transaction.
  • This is Amphenol’s 15th transaction in the United States.
  • This is Amphenol’s 3rd transaction in California.

M&A Deal Summary
Date 2021-12-01
Target Halo Technology
Sector Communications
Buyer(s) Amphenol
Sellers(s) Inflexion
Deal Type Add-on Acquisition
Deal Value 715M USD

Target

Halo Technology

Tustin, California, United States
website
Halo Technology is a provider of active and passive fiber optic interconnect components for the communications infrastructure markets. Halo operates global leading brands including AddOn Networks, ProLabs, and Skylane Optics. Halo Technology is headquartered in Tustin, California.

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Buyer(S) 1

Buyer

Amphenol

Wallingford, Connecticut, United States

website

Category Company
Founded 1932
Sector Electronics
Employees91,000
Revenue 12.6B USD (2022)
DESCRIPTION

Amphenol is a producer of electronic and fiber optic connectors, cable and interconnect systems. Amphenol products are engineered and manufactured in the Americas, Europe and Asia and sold by a worldwide sales and marketing organization. The primary end markets for the Company's products are communication systems for the converging technologies of voice, video and data communications, industrial/automotive and military/aerospace applications. Amphenol was incorporated in 1932 and is based in Wallingford, Connecticut.

DEAL STATS #
Overall 22 of 26
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 19 of 22
State (California) 3 of 3
Country (United States) 15 of 18
Year (2021) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 MTS Systems

Eden Prairie, Minnesota, United States

MTS Systems Corp. is a provider of testing hardware, software and services solutions to help customers accelerate and improve their design, development, and manufacturing processes. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS Systems was formed in 1966 and is based in Eden Prairie, Minnesota.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-27 CMR Group

Marseille, France

CMR Group is a global engineering partner for marine, offshore, and industrial applications. Our solutions include design, manufacturing, and service of instrumentation and engine controls. CMR Group was founded in 1959 and is based in Marseille, France.

Buy -

Seller(S) 1

SELLER

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.

DEAL STATS #
Overall 40 of 51
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 16 of 24
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 5 of 5
Size (of disclosed) 2 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Wise

London, United Kingdom

Wise is a software provider for logistics delivery firms serving the e-commerce sector. The company was founded to cater to the fast-growing e-commerce market by providing software to support a network of last-mile delivery providers who work with carriers such as Amazon, DPD and Hermes. The Wise platform is currently used by over 250 UK logistics firms and 14,000 self-employed drivers to manage everything from onboarding to document storage and compliance. Wise was formed in 2019 and is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 enviolo

Amsterdam, Netherlands

enviolo designs and manufactures transmission systems for high-quality e-bikes mainly for the European and North American markets. The company’s proprietary technology enables cyclists to intuitively adjust the gear ratio, making riding safer and more enjoyable. enviolo has grown rapidly as the market for e-bikes has developed strongly in the past few years. The business benefits from an innovative, IP-rich product portfolio that it provides to leading global and regional bike brands. enviolo was formed in 2006 and is based in Amsterdam, Netherlands.

Buy -
Mergr

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