M&A Deal Summary

RBC Bearings Acquires Swiss Tool Systems AG

On August 15, 2019, RBC Bearings acquired machinery company Swiss Tool Systems AG from Cross Equity Partners AG for 34M USD

Acquisition Highlights
  • This is RBC Bearings’ 4th transaction in the Machinery sector.
  • This is RBC Bearings’ 3rd largest (disclosed) transaction.
  • This is RBC Bearings’ 1st transaction in Switzerland.

M&A Deal Summary
Date 2019-08-15
Target Swiss Tool Systems AG
Sector Machinery
Buyer(s) RBC Bearings
Sellers(s) Cross Equity Partners AG
Deal Type Add-on Acquisition
Deal Value 34M USD

Target

Swiss Tool Systems AG

Burglen, Switzerland
website
Swiss Tool Systems AG is a provider of modular tooling systems and high-precision boring and turning solutions for metal cutting machines. Swiss Tool Systems is based in Burglen, Switzerland.

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Buyer(S) 1

Buyer

RBC Bearings

Oxford, Connecticut, United States

website

Category Company
Founded 1919
Sector Machinery
Employees3,890
Revenue 943M USD (2022)
DESCRIPTION

RBC Bearings provides industrial, aerospace, and defense customers with unique design solutions to complex problems and an unparalleled level of service, quality, and support. RBC Bearings was founded in 1919 and is based in Oxford, Connecticut.

DEAL STATS #
Overall 5 of 7
Sector (Machinery) 4 of 4
Type (Add-on Acquisition) 4 of 5
Country (Switzerland) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-26 Sargent Aerospace & Defense

Tucson, Arizona, United States

Sargent Aerospace & Defense, Inc. is a manufacturer of precision-engineered components and aftermarket services. Sargent performs critical functions on a variety of commercial and military aircraft, submarines and land-based vehicles in operation worldwide, and our customer base includes some of the best-known names in aerospace and defense for both the OEM and MRO marketplaces.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 ABB - DODGE Mechanical Power Transmission Business

Greenville, South Carolina, United States

ABB's DODGE Mechanical Power Transmission Business is a manufacturer of mounted bearings and mechanical products with market-leading brand recognition. ABB's DODGE Mechanical Power Transmission Business is based in Greenville, South Carolina.

Buy $2.9B

Seller(S) 1

SELLER

Cross Equity Partners AG

Zurich, Switzerland

Investor Investor

website

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Cross Equity is a Swiss private equity firm focused on investing in medium-sized growth companies in German speaking Europe with an enterprise value of CHF 15- CHF 150 million. Cross has specific interest in the engineering, mechanical engineering, industrial products and services sectors. The firms invest in the range of CHF 5 – CHF 15 million transactions. Prospective companies generally lead their respective markets and are profitable. Cross Equity was formed in 2008 and is based in Zurich with an additional office in UK.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Switzerland) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 BOES

Neulingen, Germany

BOES GmbH develops and constructs high-performance composite stamping tools and produces high-precision stamped, bent and drawn parts. Using automated manufacturing processes and a range of modern machinery, approximately 420 million precision stamped parts are produced and packaged each year. The product range includes complex stamped parts and punched grids, modular units, small and very small product series as well as sample parts for use in product development.

Buy -
Mergr

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