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  6. Gulf Electroquip Acquires Hyundai Ideal Electric Co.

M&A Deal Summary

Gulf Electroquip Acquires Hyundai Ideal Electric Co.

On September 13, 2017, Gulf Electroquip acquired electrical equipment company Hyundai Ideal Electric Co.

Acquisition Highlights
  • This is Gulf Electroquip’s 1st transaction in the Electrical Equipment sector.
  • This is Gulf Electroquip’s 1st transaction in the United States.
  • This is Gulf Electroquip’s 1st transaction in Ohio.

M&A Deal Summary
Date 2017-09-13
Target Hyundai Ideal Electric Co.
Sector Electrical Equipment
Buyer(s) Gulf Electroquip
Deal Type Add-on Acquisition

Target

Hyundai Ideal Electric Co.

Mansfield, Ohio, United States
Hyundai Ideal Electric Co. is a manufacturer of electric motors and generators, switchgear and control systems for all applications including industrial, oil, gas and petrochemical, water and infrastructure, pulp and paper, air handling, marine, mining, power generation and renewable energy.

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Buyer(S) 1

Buyer

Gulf Electroquip

Houston, Texas, United States
Category Company
Sector Electrical Equipment
DESCRIPTION

Gulf Electroquip Ltd. is specializing in new, remanufactured and repaired AC and DC motors and generators. Gulf Electroquip is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
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