M&A Deal Summary

Energy Conversion Systems Acquires Morgan Advanced Materials - Auto & Consumer Global Business

On June 15, 2004, Energy Conversion Systems acquired manufacturer Morgan Advanced Materials - Auto & Consumer Global Business from Morgan Advanced Materials for 33M GBP

Acquisition Highlights
  • This is Energy Conversion Systems’ 1st transaction in the Manufacturing sector.
  • This is Energy Conversion Systems’ 0th largest (disclosed) transaction.
  • This is Energy Conversion Systems’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2004-06-15
Target Morgan Advanced Materials - Auto & Consumer Global Business
Sector Manufacturing
Buyer(s) Energy Conversion Systems
Sellers(s) Morgan Advanced Materials
Deal Type Divestiture
Deal Value 33M GBP

Target

Morgan Advanced Materials - Auto & Consumer Global Business

United Kingdom
Morgan Advanced Materials - Auto & Consumer Global Business manufactures a wide range of carbon brushes, commutators and energy conversion systems for consumer, automotive, and industrial applications.

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Buyer(S) 1

Buyer

Energy Conversion Systems

Cary, North Carolina, United States

website


Category Company
Sector Electrical Equipment
DESCRIPTION

Energy Conversion Systems (ECS) developed and supplied components (brushes, commutators, electrical harnesses and magnets), integrated systems, and design solutions for AC and DC electric fractional horsepower motors. ECS sold its products to motor manufacturers, auto OEMs, auto Tier I suppliers, power tool manufacturers, and vacuum cleaner manufacturers.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2004) 1 of 1

Seller(S) 1

SELLER

Morgan Advanced Materials

Windsor, United Kingdom

website


Category Company
Founded 1856
Sector Consumer Products
Employees7,800
Revenue 1.1B GBP (2022)
DESCRIPTION

Morgan Advanced Materials is a world leader in advanced materials and is committed to building a sustainable competitive advantage in attractive markets with truly differentiated products and services underpinned by world-leading technology. We supply innovative products which enable our customers’ products and processes to perform more efficiently, more reliably and for longer. Morgan Advanced Materials was founded in 1856 and is based in Windsor, the United Kingdom.


DEAL STATS #
Overall 4 of 7
Sector (Manufacturing) 1 of 3
Type (Divestiture) 4 of 7
Country (United Kingdom) 2 of 4
Year (2004) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-04 Morgan Advanced Materials - Compressor Technology Group

United States

Morgan Advanced Materials - Compressor Technology Group engages in manufacturing of polymer rings and packings used in compressors.

Sell $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-04 Vacuumschmelze

Hanau, Germany

Vacuumschmelze is a producer of advanced magnetic solutions, rare earth permanent magnets, and inductive components. Vacuumschmelze was founded in 1923 and is based in Hanau, Germany.

Sell £300M