M&A Deal Summary

Cherry Acquires Active Key

On May 10, 2021, Cherry acquired technology hardware company Active Key

Acquisition Highlights
  • This is Cherry’s 2nd transaction in the Technology Hardware sector.
  • This is Cherry’s 1st transaction in Germany.
Investment Fate
  • Active Key was divested to a consortium of strategic buyers in 2025.

M&A Deal Summary

Date 2021-05-10
Target Active Key
Sector Technology Hardware
Buyer(s) Cherry
Deal Type Add-on Acquisition

Target

Active Key

Pegnitz, Germany
Active Key is a manufacturer of hygiene and industrial keyboards and mice for professional data input. Active Key offers models in different sizes and versions. Our product range reaches from mini, compact, and Desktop keyboards either wireless or wired, protected and unprotected, with backlit or non-backlit, with and without touchpads or trackballs. Active Key was founded in 2005 and is based in Pegnitz, Germany.

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Buyer(S) 1

Buyer

Cherry

Auerbach, Germany

Category Company
Founded 1953
Sector Technology Hardware
Employees380
Revenue 80M EUR (2015)
DESCRIPTION

Cherry is a manufacturer of computer input devices with a focus on office, gaming, industry, security, e-health solutions, and switches for mechanical keyboards. Cherry was founded in 1953 and is based in Auerbach, Germany.


DEAL STATS #
Overall 2 of 2
Sector: Technology Hardware M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Theobroma Systems Design und Consulting

Vienna, Austria

Formed in 2006, Theobroma Systems is a designer and producer of intelligent devices incorporating embedded systems for IoE, Industry 4.0, and other bleeding-edge applications. Based in Vienna, the company provides cutting-edge System-on-Module (SoM) solutions, WiFi modules for the embedded market, and application-specific single-board computers. Its portfolio of products is backed by an expert range of hardware and software engineering services, including in-house manufacturing and end-of-line testing. We offer thus our customers the carefree option to build their dream products based on our existing validated modules.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-08 Active Key

Pegnitz, Germany

Active Key is a manufacturer of hygiene and industrial keyboards and mice for professional data input. Active Key offers models in different sizes and versions. Our product range reaches from mini, compact, and Desktop keyboards either wireless or wired, protected and unprotected, with backlit or non-backlit, with and without touchpads or trackballs. Active Key was founded in 2005 and is based in Pegnitz, Germany.

Sell -