Add-on Acquisition • Technology Hardware

Ascential Technologies Acquires Galileo TP Process Equipment S.r.l.

On July 26, 2018, Ascential Technologies acquired technology hardware company Galileo TP Process Equipment S.r.l.

Acquisition Context
  • This is Ascential Technologies’ 1st transaction in the Technology Hardware sector.
  • This is Ascential Technologies’ 1st transaction in Italy.

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M&A Deal Summary

Date July 26, 2018
Target Galileo TP Process Equipment S.r.l.
Sector Technology Hardware
Buyer(s) Ascential Technologies
Deal Type Add-on Acquisition

Target Company

Galileo TP Process Equipment S.r.l.

Florence, Italy
Galileo TP Process Equipment S.r.l. is specializes in vacuum, leak detection, and refrigerant charging technology. Galileo TP Process Equipment was founded in 1997 and is based in Florence, Italy.
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Buyer Overview 1

Buyer

Ascential Technologies

San Diego, California, United States

Category Company
Sector Manufacturing
DESCRIPTION

Ascential Technologies is a provider of automotive, advanced manufacturing, and life science markets, maintaining more than 30 locations in Europe, Asia, and the Americas. Ascential Technologies is based in San Diego, California.


Deal Context for Buyer #
Overall 4 of 9
Sector: Technology Hardware 1 of 1
Type: Add-on Acquisition 4 of 9
Country: Italy 1 of 1
Year: 2018 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Grabit

Sunnyvale, California, United States

Grabit, Inc. is an intelligent automation systems provider to the soft goods manufacturing and warehouse logistics industries. Grabit's proprietary electroadhesion technology provides a solution to automate the handling of virtually any material and its products address challenges in difficult-to-automate industries with machine learning. Grabit, Inc. was founded in 2011 and is based in Sunnyvale, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 Korvis

Corvallis, Oregon, United States

Korvis LLC is a manufacturing, engineering, and design firm offering volume production and custom automation services, with an emphasis on precision motion, microfluidics, and optical technologies. Korvis LLC was founded in 2002 and is based in Corvallis, Oregon.

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