M&A Deal Summary

Cooper Industries Acquires Eka Systems

On April 13, 2010, Cooper Industries acquired information technology company Eka Systems from Angeleno Group

Acquisition Highlights
  • This is Cooper Industries’ 1st transaction in the Information Technology sector.
  • This is Cooper Industries’ 6th transaction in the United States.
  • This is Cooper Industries’ 1st transaction in Maryland.

M&A Deal Summary

Date 2010-04-13
Target Eka Systems
Sector Information Technology
Buyer(s) Cooper Industries
Sellers(s) Angeleno Group
Deal Type Add-on Acquisition

Target

Eka Systems

Germantown, Maryland, United States
Eka Systems, Inc has developed and is marketing a wireless mesh technology designed for large scale deployments in the utility, energy, and submetering markets.

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Buyer(S) 1

Buyer

Cooper Industries

Maynooth, Ireland

Category Company
Founded 1833
Sector Electrical Equipment
Employees26,000
Revenue 5.4B USD (2011)
DESCRIPTION

Cooper is a diversified global manufacturer of electrical components and tools. Cooper has seven operating divisions with leading positions and world-class products and brands including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is positioned for several long term growth trends including the global infrastructure build out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety.


DEAL STATS #
Overall 8 of 8
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: Maryland M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-14 The MTL Instruments Group

Luton, United Kingdom

The MTL Instruments Group plc provides reliability, efficiency and safety with the development and supply of system infrastructure products and protection equipment to the Process Industries.

Buy -

Seller(S) 1

SELLER

Angeleno Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Angeleno Group is a private equity firm focused on high growth investments within the energy sector. The Firm pursues a wide range of opportunities and will consider transactions across the US. Angeleno looks for companies that are heavily involved in the development of innovative products and services that are emerging as potential solutions to global energy and environmental challenges. Specific sub-sectors of interest include clean transportation, emissions control and carbon management, energy efficiency, power infrastructure, renewable energy, solar, waste management, and wind. The Firm looks to commit $10 to $30 million per investment and will consider a variety of deal types, including secondaries, first institutional equity, growth equity, and PIPEs. Angeleno Group was founded in 2001 and is based in Los Angeles, California.


DEAL STATS #
Overall 2 of 19
Sector: Information Technology M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 11
State: Maryland M&A 1 of 1
Country: United States M&A 2 of 15
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-28 New Forests

Sydney, Australia

New Forests operates and manages investments in sustainably managed timberland and associated eco products, such as carbon credits, biodiversity credits, and mitigation banks. New Forests was founded in 2005 and is based in Sydney, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-21 Amonix

Seal Beach, California, United States

Amonix is a designer and manufacturer of concentrated photovoltaic (CPV) solar power systems. Amonix was founded in 1989 and is based in Seal Beach, California.

Buy -