M&A Deal Summary

EQT Acquires Salcomp

On November 1, 1999, private equity firm EQT acquired electrical equipment company Salcomp from Nokia

Acquisition Highlights
  • This is EQT’s 1st transaction in the Electrical Equipment sector.
  • This is EQT’s 4th transaction in Finland.
Investment Fate
  • Salcomp was sold to a consortium of financial buyers in 2007.
  • Salcomp was sold to a strategic buyer in 2019.

M&A Deal Summary

Date 1999-11-01
Target Salcomp
Sector Electrical Equipment
Buyer(s) EQT
Sellers(s) Nokia
Deal Type Divestiture

Target

Salcomp

Salo, Finland
Salcomp develops and manufactures adapters for mobile phones and other electronic devices. Power adapters based on Salcomp's own product platforms are suitable also for other handheld devices, such as tablets, smart home devices, such as digital voice assistants and many other electronic applications. Salcomp was formed in 1973 and is based in Salo, Finland.

Search 215,074 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 18 of 320
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 5 of 52
Country: Finland M&A 4 of 14
Year: 1999 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-08 Findus

London, United Kingdom

Findus is a frozen food group and one of Europe’s overall food manufacturers. Through its Young's and Findus brands, category leaders within the Nordic region, and France, the Group's portfolio of brands is unmatched in its strength and awareness with consumers in its core markets. Findus was founded in 1945 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-01 Nederman

Helsingborg, Sweden

Nederman is a provider of air treatment for working environments in industrial environments. In this field, Nederman markets products and systems for capture at source, i.e., the capture and filtration of dust, gas, exhaust, and other particles directly where they arise, as well as hose and cable reels. Nederman was founded in 1944 and is headquartered in Helsingborg, Sweden.

Buy -

Seller(S) 1

SELLER

Nokia

Espoo, Finland

Category Company
Founded 1865
Sector Communications
Employees78,434
Revenue 19.2B EUR (2024)
DESCRIPTION

Nokia is a communications and information technology multinational corporation. Nokia was founded in 1865 and is based in Espoo, Finland.


DEAL STATS #
Overall 1 of 10
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 10
Country: Finland M&A 1 of 7
Year: 1999 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-18 InTalk

San Jose, California, United States

InTalk Corporation focuses on the development of wireless LAN access point products.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-24 Ramp Networks

Santa Clara, California, United States

Ramp Networks, Inc. develops and markets connectivity products for small workgroups that allow such groups to connect to the Internet while establishing a local area network.

Buy -