M&A Deal Summary

Belden Acquires Hirschmann Automation and Control

On January 30, 2007, Belden acquired electronics company Hirschmann Automation and Control from HgCapital for 245M EUR

Acquisition Highlights
  • This is Belden’s 1st transaction in the Electronics sector.
  • This is Belden’s 4th largest (disclosed) transaction.
  • This is Belden’s 1st transaction in Germany.

M&A Deal Summary

Date 2007-01-30
Target Hirschmann Automation and Control
Sector Electronics
Buyer(s) Belden
Sellers(s) HgCapital
Deal Type Add-on Acquisition
Deal Value 245M EUR

Target

Hirschmann Automation and Control

Neckartenzlingen, Germany
Hirschmann Automation and Control GmbH, is a supplier of electronics equipment, components and related accessories. Its principal products include rail-mounted industrial Ethernet and other industrial networking equipment, sophisticated car-antenna electronics, television transmission equipment, and safety systems for mobile plant equipment such as cranes.

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Buyer(S) 1

Buyer

Belden

St. Louis, Missouri, United States

Category Company
Founded 1902
Sector Technology Hardware
Employees7,500
Revenue 2.5B USD (2024)
DESCRIPTION

Belden designs, manufactures, and markets cable, connectivity, and networking products in markets including industrial automation, enterprise, transportation, infrastructure, and consumer electronics. Belden was incorporated in 1902 and is headquartered in St. Louis, Missouri.


DEAL STATS #
Overall 2 of 17
Sector: Electronics M&A 1 of 3
Type: Add-on Acquisition M&A Deals 2 of 14
Country: Germany M&A 1 of 3
Year: 2007 M&A 1 of 3
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-15 Cable Design Technologies

Schaumburg, Illinois, United States

Cable Design Technologies Corp. is a designer and manufacturer of electronic data transmission cables, used to link electronic equipment for LAN, WAN, high-speed multi-media communications, building automation, computer interconnectivity and security system applications.

Buy $429M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-07 LTK Wiring Co.

Hong Kong, China

LTK Wiring Co. Ltd., is a cable supplier to companies manufacturing consumer electronics, telecom equipment, white goods, automobiles and other OEM products in China

Buy $195M

Seller(S) 1

SELLER

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 10 of 97
Sector: Electronics M&A 2 of 4
Type: Add-on Acquisition M&A Deals 3 of 47
Country: Germany M&A 2 of 20
Year: 2007 M&A 3 of 7
Size (of disclosed) 21 of 36
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-29 Worldmark International

Glasgow, United Kingdom

Worldmark International Ltd. is a global supplier of product and identification solutions. Worldmark designs and manufactures branding components, security products, informational and intelligent labelling products for high growth sectors of the global electronics market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-05 Bench

Manchester, United Kingdom

Bench Ltd. is a company involved in distribution of women's, men's and kid's clothing and accessories.

Buy £190M