M&A Deal Summary

Averna Acquires Elcom

On April 9, 2024, Averna acquired test/measurement equipment company Elcom from Central Europe Industry Partners

Acquisition Highlights
  • This is Averna’s 6th transaction in the Test/Measurement Equipment sector.
  • This is Averna’s 1st transaction in Czech Republic.

M&A Deal Summary
Date 2024-04-09
Target Elcom
Sector Test/Measurement Equipment
Buyer(s) Averna
Sellers(s) Central Europe Industry Partners
Deal Type Add-on Acquisition

Target

Elcom

Prague, Czech Republic
ELCOM is a provider of proprietary highly complex products and services in test and measurement, machine vision, industrial automation and smart grid systems for sustainable energy. Elcom has also unique technology for visual (Machine Vision), acoustic, vibrational and haptic testing. Production is located in Ostrava, Brno and Bystřice nad Pernštejnem. Elcom is based in Prague, Czech Republic.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Averna

Montreal, Quebec, Canada
Category Company
Founded 1999
Sector Electronics
DESCRIPTION

Averna is a manufacturing solution provider for communications and electronics device-makers worldwide, helping them deliver a better end-user customer experience. Key Averna clients in the communications, aerospace, defense, automotive, consumer electronics, and medical device industries use Proligent, RF Test instruments, and other test solutions to accelerate product development, reduce manufacturing costs, achieve superior quality throughout the lifecycle, and solve critical supply-chain issues. It has offices around the world as well as a network of partners such as JOT Automation, Keysight Technologies, and National Instruments. Averna was founded in 1999 and is based in Montreal, Quebec.

DEAL STATS #
Overall 7 of 8
Sector (Test/Measurement Equipment) 6 of 6
Type (Add-on Acquisition) 6 of 6
Country (Czech Republic) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-23 ProNES

Landau, Germany

ProNES provides standardized custom-made automation in measurement and testing technology by integrating tailored hardware and software. It provides system solutions for diverse fields of application and products include PIQ.battery inspect, PID.3D-gate, PIQ.drive, PIQ.trasys, PIQ.light, PIQ.stamping, and PIQ.pointer. ProNES was formed in 2002 and is based in Landau, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 Global Equipment Services and Manufacturing

San Jose, California, United States

Global Equipment Services and Manufacturing specializes in production processing and test equipment design, volume manufacturing, and global services for the semiconductor and electronics product manufacturing industry. Global Equipment Services and Manufacturing is based in San Jose, California.

Buy -

Seller(S) 1

SELLER

Central Europe Industry Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Central Europe Industry Partners (CEIP) is a private equity firm focused on acquiring industrial manufacturing and related service businesses in the Czech Republic and Central Europe. The Firm looks to commit CZK 50 to CZK 250 million in businesses valued up to CZK 1 billion. CEIP was formed in 2017 and is based in Prague.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Czech Republic) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 KOSYKA

Jihlava, Czech Republic

KOSYKA is a manufacturer of cable harnesses. The company's products are used not only in the automotive industry but also in various other sectors, such as the production of medical devices, measuring and automation systems, and in the aerospace and electrical engineering industries. KOSYKA was formed in 1995 and is based in Jihlava, Czech Republic.

Buy -
Mergr

Product

Company

Legal