M&A Deal Summary

Air Water Acquires Hitec Power Protection

On July 17, 2019, Air Water acquired electrical equipment company Hitec Power Protection from Egeria

Acquisition Highlights
  • This is Air Water’s 1st transaction in the Electrical Equipment sector.
  • This is Air Water’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2019-07-17
Target Hitec Power Protection
Sector Electrical Equipment
Buyer(s) Air Water
Sellers(s) Egeria
Deal Type Add-on Acquisition

Target

Hitec Power Protection

Almelo, Netherlands
Hitec Power Protection is a developer, manufacturer, delivers and services emergency power solutions called UPS (Uninterruptible Power Supply) to ensure uninterruptible, continuous and conditioned power supply to mission critical processes. These UPS systems store kinetic energy through an induction coupling, which during a power outage bridges the necessary time to start a diesel generator. Hitec delivers mainly to datacentres, financial institutions, semiconductor producers, hospitals and airports. Hitec Power Protection was founded in 1894 and is based in Almelo, Netherlands.

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Buyer(S) 1

Buyer

Air Water

Osaka, Japan

Category Company
Founded 1929
Sector Energy Services and Equipment
Employees20,836
Revenue 1.08T JPY (2025)
DESCRIPTION

Air Water provides electronics, chemical, medical, and energy businesses. Air Water was founded in 1929 and is based in Osaka, Japan.


DEAL STATS #
Overall 2 of 3
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Netherlands M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-28 Nihonkaisui Co.

Tokyo, Japan

Nihonkaisui Co., Ltd. provides Salt manufacturing services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 Noble Gas Solutions

Albany, New York, United States

Noble Gas Solutions is an independent gas and welding products distributor serving the industrial and manufacturing industries. Noble Gas Solutions was founded in 1940 and is based in Albany, New York.

Buy -

Seller(S) 1

SELLER

Egeria

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION
Egeria's office in Amsterdam.
Egeria's office in Amsterdam.

Egeria is a private equity and real estate investment firm. The Firm operates a variety of investment funds focused on opportunities throughout Western Europe and North America. The Firm's private equity group principally looks to invest in companies located in the Netherlands, Germany, Austria, and Switzerland valued up to €350 million. Egeria looks for companies with stable cash flows, experienced management, and strong growth potential. Egeria is sector agnostic, however, the firm will not consider investing in biotech, software, or 'non-ethical' sectors. Egeria was formed in 1997 and is based in Amsterdam.


DEAL STATS #
Overall 22 of 31
Sector: Electrical Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 10 of 15
Country: Netherlands M&A 18 of 25
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-23 MAAS Aviation Group

Dublin, Ireland

MAAS Aviation Group provides aircraft painting services to OEM, MRO, airlines, aircraft operators, leasing companies, corporate and government agencies located throughout the World. MAAS Aviation Group was founded in 1983 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-09 Vendor International B.V.

Tilburg, Netherlands

Vendor is a supplier of hygiene solutions. Vendor is a washroom hygiene specialist, with a total service concept for a wide range of business segments, including industry, logistics, leisure and education.

Sell -