M&A Deal Summary

Fortive Acquires EA Elektro-Automatik

On October 23, 2023, Fortive acquired electrical equipment company EA Elektro-Automatik from Bregal Unternehmerkapital for 1.5B USD

Acquisition Highlights
  • This is Fortive’s 1st transaction in the Electrical Equipment sector.
  • This is Fortive’s 2nd largest (disclosed) transaction.
  • This is Fortive’s 1st transaction in Germany.

M&A Deal Summary
Date 2023-10-23
Target EA Elektro-Automatik
Sector Electrical Equipment
Buyer(s) Fortive
Sellers(s) Bregal Unternehmerkapital
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

EA Elektro-Automatik

Viersen, Germany
website
EA Elektro-Automatik is a manufacturer of laboratory power supplies. Research, development, and manufacture of power electronics, with focus on laboratory power supplies (AC and DC), electronic loads (DC), battery chargers and DC emergency power supplies. EA Elektro-Automatik was founded in 1974 and is based in Viersen, Germany.

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Buyer(S) 1

Buyer

Fortive

Everett, Washington, United States

website

Category Company
Founded 2015
Sector Test/Measurement Equipment
Employees18,000
Revenue 5.8B USD (2022)
DESCRIPTION

Fortive is a diversified designer, developer, manufacturer, servicer and marketer of professional and engineered products, software, and services for a variety of end markets. Fortive operates through two business segments. These include Professional Instrumentation and Industrial Technologies. The Professional Instrumentation segment consists of the Advanced Instrumentation & Solutions and Sensing Technologies businesses. The Industrial Technologies segment consists of the Transportation Technologies, Automation & Specialty Components and Franchise Distribution businesses. Fortive was founded in 2015 and is based in Everett, Washington.

DEAL STATS #
Overall 9 of 9
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 9 of 9
Country (Germany) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 Provation Software

Minneapolis, Minnesota, United States

Provation Software is a provider of clinical workflow software solutions used in hospitals and ASCs. Provation Software was founded in 1994 and is based in Minneapolis, Minnesota.

Buy $1.4B

Seller(S) 1

SELLER

Bregal Unternehmerkapital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2015
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Unternehmerkapital is a family-backed investment group focused on acquiring majority or minority stakes in mid-sized companies throughout Germany, Switzerland, and Austria. Bregal Unternehmerkapital was formed in 2015 and is headquartered in Munich.

DEAL STATS #
Overall 7 of 8
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Germany) 5 of 6
Year (2023) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-18 Iptor

Solna, Sweden

Iptor is a provider of distribution resource management software – business applications for the wholesale, distribution and manufacturer/distributor markets. Iptor was founded in 1978 and is based in Solna, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-08 Billbee

Twistetal, Germany

Billbee is an E-commerce multi-channel software platform focused on simplifying and optimizing the operational processes of online merchants. With a comprehensive range of tools and services, the company empowers small and medium-sized businesses to streamline order fulfillment, inventory management, invoicing, after-sales communication, and automation. Additionally, it has all the major interfaces for sales platforms, shipping service providers, and financial applications. Billbee is based in Twistetal, Germany.

Buy -
Mergr

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