M&A Deal Summary

Glen Dimplex Group Acquires Technika

On October 17, 2016, Glen Dimplex Group acquired electronics company Technika

Acquisition Highlights
  • This is Glen Dimplex Group’s 1st transaction in the Electronics sector.
  • This is Glen Dimplex Group’s 2nd transaction in Australia.

M&A Deal Summary

Date 2016-10-17
Target Technika
Sector Electronics
Buyer(s) Glen Dimplex Group
Deal Type Add-on Acquisition

Target

Technika

Somerton, Australia
Technika is a home appliance company. Technika was established in 1997 and is headquartered in Somerton, Australia.

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Buyer(S) 1

Buyer

Glen Dimplex Group

Cloghran, Ireland

Category Company
Founded 1973
Sector Electrical Equipment
DESCRIPTION

Glen Dimplex Group is a manufacturer of electrical heating technologies, as well as holding significant global market positions in domestic appliances, cooling, ventilation and renewable energy solutions.


DEAL STATS #
Overall 5 of 7
Sector: Electronics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 6
Country: Australia M&A 2 of 2
Year: 2016 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 Cadet Manufacturing Co.

Vancouver, Washington, United States

Cadet Manufacturing Co. is a designer, developer, and builder of electric heaters.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Applied Energy Products

Peterborough, United Kingdom

Applied Energy Products Ltd. (formerly Applied Energy Ltd) is a manufacturer and distributor of electric ventilation, heating, and water heating products branded Xpelair, Creda and Redring. The three brands were strong and widely recognized. Applied Energy Products was formed in 1935 and is based in Peterborough, United Kingdom.

Buy -