M&A Deal Summary

Fenner Group Holdings Acquires Australian Conveyor Engineering Pty

On October 26, 2012, Fenner Group Holdings acquired machinery company Australian Conveyor Engineering Pty

Acquisition Highlights
  • This is Fenner Group Holdings’ 1st transaction in the Machinery sector.
  • This is Fenner Group Holdings’ 1st transaction in Australia.

M&A Deal Summary

Date 2012-10-26
Target Australian Conveyor Engineering Pty
Sector Machinery
Buyer(s) Fenner Group Holdings
Deal Type Add-on Acquisition

Target

Australian Conveyor Engineering Pty

Somersby, N, Australia
Australian Conveyor Engineering Pty Ltd. specialises in supplying engineered conveyor solutions for the design, manufacture and installation of high capacity conveyor systems for both surface and underground mining, with the capability to take projects from the initial concept to the commissioned conveyor system.

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Buyer(S) 1

Buyer

Fenner Group Holdings

Hessle, United Kingdom

Category Company
Founded 1861
Sector Machinery
Revenue 729M GBP (2014)
DESCRIPTION

Fenner is a reinforced polymer technology company focused on providing conveyor belt solutions and reinforced polymer products for the mining and general industrial markets.


DEAL STATS #
Overall 6 of 8
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 7
Country: Australia M&A 1 of 1
Year: 2012 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-10 Mandals AS

Mandal, Norway

Mandals is a manufacturer of innovative lay flat and specialty hoses for use in demanding applications and of circular looms for the manufacture of the woven fabric used in the production of hoses. It is an acknowledged market leader in its industry, with products sold around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Charter Medical

Winston-Salem, North Carolina, United States

Charter Medical Ltd. manufactures specialty single-use assemblies and Class I and Class II medical devices for the collection, processing, storage and filtration of biological and bioprocessing fluids. Charter also produces bio-containers and fluid management sets that serve a range of life science applications including biopharmaceutical manufacturing, cell therapy and cryogenic storage. Charter is a single site company based in Winston-Salem, North Carolina.

Buy $30M