M&A Deal Summary

GN Store Nord Acquires Panacast

On February 19, 2019, GN Store Nord acquired technology hardware company Panacast for 125M USD

Acquisition Highlights
  • This is GN Store Nord’s 1st transaction in the Technology Hardware sector.
  • This is GN Store Nord’s largest (disclosed) transaction.
  • This is GN Store Nord’s 3rd transaction in the United States.
  • This is GN Store Nord’s 1st transaction in California.

M&A Deal Summary
Date 2019-02-19
Target Panacast
Sector Technology Hardware
Buyer(s) GN Store Nord
Deal Type Add-on Acquisition
Deal Value 125M USD

Target

Panacast

Cupertino, California, United States
website
Altia Systems, Inc. is a developer of premium video communications solutions utilizing digital multi-camera array technology. Altia Systems was founded in 2011 and is based in Cupertino, California.

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Buyer(S) 1

Buyer

GN Store Nord

Ballerup, Denmark

website

Category Company
Founded 1869
Sector Medical Products
Employees5,625
Revenue 15.8B DKK (2021)
DESCRIPTION

GN Store Nord is a developer, manufacturer, and marketer of intelligent audio solutions. Its current product portfolio encompasses innovative hearing aids and hearing healthcare solutions and ear-related diagnostic equipment, computerized audiology, and hearing-instrument ?tting equipment. GN Store Nord was founded in 1869 and is based in Ballerup, Denmark.

DEAL STATS #
Overall 3 of 4
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 3 of 4
State (California) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 VXi

Dover, New Hampshire, United States

VXi Corp. is a provider of corded and wireless headset solutions designed specifically for high-noise environments. VXi’s noise-cancelling microphones filter out more background noise than competitive solutions, helping customers communicate clearly, consistently, and naturally.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 SteelSeries

Copenhagen, Denmark

SteelSeries is a manufacturer of professional gaming mice, headsets, keyboards and other peripherals for PC, Mac and Xbox 360 platforms. SteelSeries improves performance through first-to-market innovations and technologies that enable gamers to play harder, train longer, and rise to the challenge. SteelSeries was founded in 2001 and is based in Copenhagen, Denmark.

Buy -
Mergr

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