M&A Deal Summary

Hoerbiger Acquires Morgan Advanced Materials - Compressor Technology Group

On September 4, 2003, Hoerbiger acquired automotive company Morgan Advanced Materials - Compressor Technology Group from Morgan Advanced Materials for 11M USD

Acquisition Highlights
  • This is Hoerbiger’s 1st transaction in the Automotive sector.
  • This is Hoerbiger’s largest (disclosed) transaction.
  • This is Hoerbiger’s 1st transaction in the United States.

M&A Deal Summary

Date 2003-09-04
Target Morgan Advanced Materials - Compressor Technology Group
Sector Automotive
Buyer(s) Hoerbiger
Sellers(s) Morgan Advanced Materials
Deal Type Divestiture
Deal Value 11M USD

Target

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.

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Buyer(S) 1

Buyer

Hoerbiger

Zug, Switzerland

website


Category Company
Founded 1895
Sector Manufacturing
DESCRIPTION

Hoerbiger is a producer of products and services for the energy, automotive, electrical, safety, and engineering sectors. Its products and services are used in reciprocating compressors, gas flow control units, vehicle drives, rotating unions, explosion protection, gas-powered engines, and in automobile hydraulics. Hoerbiger was formed in 1895 and is based in Zug, Switzerland.


DEAL STATS #
Overall 1 of 5
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 3
Year (2003) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-01 Gala Precision Technology Pvt.

Thane, India

Gala Precision Technology Private Ltd. is a manufacturer of valves and systems for reciprocating compressors in hermetic and semi-hermetic applications.

Buy -

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 3 of 7
Sector (Automotive) 1 of 1
Type (Divestiture) 3 of 7
Country (United States) 2 of 2
Year (2003) 1 of 1
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-05 Laser Diode

Edison, New Jersey, United States

Laser Diode is a manufacturer of emitters, receivers and ruggedized modules for the fibre optic communications industry, and a range of high energy, short-pulse duration diode lasers.

Sell $27M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-15 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.

Sell £33M