M&A Deal Summary

Cennox Acquires ATM Parts Company

On October 12, 2010, Cennox acquired business services company ATM Parts Company from discoverIE Group for 700K GBP

Acquisition Highlights
  • This is Cennox’s 1st transaction in the Business Services sector.
  • This is Cennox’s 0th largest (disclosed) transaction.
  • This is Cennox’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2010-10-12
Target ATM Parts Company
Sector Business Services
Buyer(s) Cennox
Sellers(s) discoverIE Group
Deal Type Divestiture
Deal Value 700K GBP

Target

ATM Parts Company

Camberley, United Kingdom
website
ATM Parts, which is a purveyor of ATM parts, parts support solutions and associated technology is a non core business within Acal Supply Chain division.

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Buyer(S) 1

Buyer

Cennox

Surrey, United Kingdom

website

Category Company
Founded 2004
Sector Business Services
DESCRIPTION

Cennox provides ATM services and technology business. The ATM division supplies a range of sector-specific services to banks and ATM service businesses including parts supply, project and field services, and signage. Cennox was founded in 2004 and is based in Surrey, England.

DEAL STATS #
Overall 1 of 11
Sector (Business Services) 1 of 9
Type (Divestiture) 1 of 7
Country (United Kingdom) 1 of 3
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-10 Cennox

Surrey, United Kingdom

Cennox provides ATM services and technology business. The ATM division supplies a range of sector-specific services to banks and ATM service businesses including parts supply, project and field services, and signage. Cennox was founded in 2004 and is based in Surrey, England.

Buy -

Seller(S) 1

SELLER

discoverIE Group

Guildford, United Kingdom

website

Category Company
Founded 1986
Sector Electronics
Employees5,000
Revenue 379M GBP (2022)
DESCRIPTION

discoverIE Group is an electronics, designing, manufacturing and distributing electronic, photonic and medical products for the industrial and healthcare sectors. It is the only such provider with an infrastructure to deliver a broad range of specialist products and bespoke solutions across Europe. discoverIE Group was founded in 1986 and is based in Guildford, United Kingdom.

DEAL STATS #
Overall 5 of 6
Sector (Business Services) 1 of 1
Type (Divestiture) 5 of 6
Country (United Kingdom) 4 of 5
Year (2010) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-18 BFI Optilas International SAS

Evry, France

BFI Optilas International SAS is a specialist distributor of electronic and photonic products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-12 CompoTRON

Munich, Germany

CompoTRON is a specialist provider of electronic communication and fibre optic components to the European industrial electronic markets. Based in Munich with operations in Germany, the UK and Denmark, CompoTRON employs 22 staff.

Buy €9M
Mergr

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