M&A Deal Summary

SECO Acquires Garz & Fricke

On October 11, 2021, SECO acquired technology hardware company Garz & Fricke for 180M EUR

Acquisition Highlights
  • This is SECO’s 2nd transaction in the Technology Hardware sector.
  • This is SECO’s largest (disclosed) transaction.
  • This is SECO’s 1st transaction in Germany.

M&A Deal Summary
Date 2021-10-11
Target Garz & Fricke
Sector Technology Hardware
Buyer(s) SECO
Deal Type Add-on Acquisition
Deal Value 180M EUR

Target

Garz & Fricke

Hamburg, Germany
Garz & Fricke is a provider of embedded hardware and software solutions primarily in the DACH region. In its home markets, the company holds major positions in electronic components for vending machines as well as in human-machine interfaces for a wide array of application areas. Its customers are OEMs and system integrators in end markets such as vending machines, food services, Medtech, security, and energy technology. Garz & Fricke was founded in 1992 and is based in Hamburg, Germany.

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Buyer(S) 1

Buyer

SECO

Arezzo, Italy
Category Company
Founded 1979
Sector Semiconductors
Employees250
DESCRIPTION

SECO is a provider in the field of high technology for computer miniaturization. SECO designs and manufactures from the single micro computer to integrated and "ready to use" systems. SECO was founded in 1979 and is based in Arezzo, Italy.

DEAL STATS #
Overall 3 of 3
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 3 of 3
Country (Germany) 1 of 1
Year (2021) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-04 Oro Networks

Redding, California, United States

Oro Networks is a designer and developer of Artificial Intelligence solutions which are made available on a Software-as-a-Service basis. Oro's solutions allow to rapidly connect and cloud manage any hardware for smart control, monitoring and display of actionable insights using machine learning, deep learning, predictive analytics and data mining. Oro Networks was founded in 2018 and is based in Redding, California.

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