M&A Deal Summary

Cemtrex Acquires Periscope

On June 2, 2016, Cemtrex acquired manufacturer Periscope for 9M EUR

Acquisition Highlights
  • This is Cemtrex’s 1st transaction in the Manufacturing sector.
  • This is Cemtrex’s largest (disclosed) transaction.
  • This is Cemtrex’s 2nd transaction in the United States.
  • This is Cemtrex’s 1st transaction in Minnesota.
Investment Fate
  • Periscope was divested to a consortium of strategic buyers in 2018 for 133M USD.

M&A Deal Summary
Date 2016-06-02
Target Periscope
Sector Manufacturing
Buyer(s) Cemtrex
Deal Type Add-on Acquisition
Deal Value 9M EUR

Target

Periscope

Minneapolis, Minnesota, United States
Periscope, Inc. is a provider of manufacturing services of advanced custom engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants, and Greenhouse gases used in carbon trading globally.

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Buyer(S) 1

Buyer

Cemtrex

Brooklyn, New York, United States
Category Company
Founded 1998
Sector Manufacturing
Employees328
Revenue 59M USD (2023)
DESCRIPTION

Cemtrex is a provider of electronic manufacturing services, which includes printed circuit board assemblies and completely assembled electronic products. Cemtrex was founded in 1998 and is based in Brooklyn, New York.

DEAL STATS #
Overall 2 of 5
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 2 of 5
State (Minnesota) 1 of 1
Country (United States) 2 of 5
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Advanced Industrial Services

York, Pennsylvania, United States

Advanced Industrial Services, Inc. is a provider of an one-source expertise and capabilities in plant and equipment erection, relocation, and disassembly.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 Vicon Industries

Hauppauge, New York, United States

Vicon Industries, Inc. is a provider of an end-to-end security surveillance solutions. Vicon’s portfolio includes the full range of security solutions including Valerus, a new open platform browser-based VMS, VAX, a cutting edge access control solution, a broad range of IP network security cameras for any environment, and network video recorders for analog and IP systems.

Buy -
Mergr

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