M&A Deal Summary

Coburn Technologies Acquires Gerber Coburn /ophthalmic lens processing business unit/

On December 31, 2012, Coburn Technologies acquired manufacturer Gerber Coburn /ophthalmic lens processing business unit/ from Gerber Technology for 21M USD

Acquisition Highlights
  • This is Coburn Technologies’ 1st transaction in the Manufacturing sector.
  • This is Coburn Technologies’ largest (disclosed) transaction.
  • This is Coburn Technologies’ 1st transaction in the United States.
  • This is Coburn Technologies’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2012-12-31
Target Gerber Coburn /ophthalmic lens processing business unit/
Sector Manufacturing
Buyer(s) Coburn Technologies
Sellers(s) Gerber Technology
Deal Type Add-on Acquisition
Deal Value 21M USD

Target

Gerber Coburn /ophthalmic lens processing business unit/

Tolland, Connecticut, United States
Gerber Coburn /ophthalmic lens processing business unit/ will use the proceeds from the sale to reduce its outstanding debt, for general corporate purposes and to allow it to better position itself to invest in its core Apparel and Industrial segment where they are a market leader, with solid margins and strong positions in high growth market segments.

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Buyer(S) 1

Buyer

Coburn Technologies

South Windsor, Connecticut, United States
Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

Coburn Technologies has been manufacturing and supplying equipment for the production of ophthalmic lenses for over 60 years and continues its long-standing legacy of quality and innovation today.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Gerber Technology

Tolland, Connecticut, United States
Category Company
Founded 1968
Sector Information Technology
Employees1,778
Revenue 165M EUR (2020)
DESCRIPTION

Gerber Technology, Inc. is a provider of sophisticated hardware and software systems to automate and more effectively manage the product design and manufacturing process. Gerber Technology, Inc. was founded in 1968 and is based in Tolland, Connecticut.

DEAL STATS #
Overall 2 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-22 Spandex

Dietlikon, Switzerland

Spandex is a distributor of graphic media products and equipment & services to the signage and visual communication industry. The company offers advice and guidance, next day delivery, bespoke pricing, business growth incentives, product application training, and technical support. Spandex was formed in 1976 and is based in Dietlikon, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 Virtek

Waterloo, Ontario, Canada

Virtek provides vision and laser projection solutions primarily for the aerospace, construction, and industrial end markets. The company’s proprietary laser projection systems enable customers to maximize productivity and reduce human error by providing visual guides for assembly, construction, inspection, and paint tasks. Virtek was founded in 1986 and is based in Waterloo, Ontario.

Sell -
Mergr

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