M&A Deal Summary

CAS Acquires PanelTEK

On February 12, 2022, CAS acquired electrical equipment company PanelTEK

Acquisition Highlights
  • This is CAS’s 2nd transaction in the Electrical Equipment sector.
  • This is CAS’s 3rd transaction in the United States.
  • This is CAS’s 1st transaction in Washington.

M&A Deal Summary
Date 2022-02-12
Target PanelTEK
Sector Electrical Equipment
Buyer(s) CAS
Deal Type Add-on Acquisition

Target

PanelTEK

Fond du Lac, Washington, United States
PanelTEK designs, engineers, and assembles custom electrical control panel solutions for a variety of end-use applications with complementary engineering and in-field services. PanelTEK was founded in 2000 and is based in Fond du Lac, Washington.

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Buyer(S) 1

Buyer

CAS

North Attleboro, Massachusetts, United States
Category Company
Sector Machinery
DESCRIPTION

CAS designs integrate and distribute innovative, highly engineered automation products, solutions, and services to end-users and leading manufacturers of technologically advanced equipment. CAS is based in North Attleboro, Massachusetts.

DEAL STATS #
Overall 3 of 3
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Washington) 1 of 1
Country (United States) 3 of 3
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-12 RND Automation

Lakewood Ranch, Florida, United States

RND Automation designs, engineers and integrates automation solutions for packaging and assembly applications in the medical device, life sciences, and consumer products sectors, among others. Core offerings include platform-agnostic robotics and vision systems integration and custom and standard packaging and assembly automation equipment. RND Automation was founded in 2005 and is based in Lakewood Ranch, Florida.

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