M&A Deal Summary

Hager Group Acquires Pmflex

On January 10, 2023, Hager Group acquired plastics company Pmflex from Deutsche Beteiligungs

Acquisition Highlights
  • This is Hager Group’s 1st transaction in the Plastics sector.
  • This is Hager Group’s 1st transaction in Italy.

M&A Deal Summary

Date 2023-01-10
Target Pmflex
Sector Plastics
Buyer(s) Hager Group
Sellers(s) Deutsche Beteiligungs
Deal Type Add-on Acquisition

Target

Pmflex

Almenno San Bartolomeo, Italy
Pmflex is a manufacturer of electrical installation conduits sold in more than 50 countries worldwide. Pmflex was formed in 1962 and is based in Almenno San Bartolomeo, Italy.

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Buyer(S) 1

Buyer

Hager Group

Blieskastel, Germany

Category Company
Founded 1955
Sector Business Services
Revenue 2.6B EUR (2021)
DESCRIPTION

Hager Group is a supplier of solutions and services for electrical installations in residential, commercial, and industrial buildings. The company's products range from energy distribution through cable management and wiring accessories to building automation and security systems. Other brands of Hager Group are Berker, Bocchiotti, Daitem, Diagral, Elcom and E3/DC. Hager Group was formed in 1955 and is based in Blieskastel, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2023 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-03 Sieben-S

Eltville, Germany

Sieben-S specializes in safety devices with a comprehensive portfolio of high-performance smoke detectors aimed at Original Equipment Manufacturers (OEM), service providers, and wholesalers for the residential market in Europe. Sieben-S is based in Eltville, Germany.

Sell -

Seller(S) 1

SELLER

Deutsche Beteiligungs

Frankfurt, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1965
PE ASSETS 2.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Deutsche Beteiligungs is a publicly-traded German mid-market private equity firm focused primarily on management buyout transactions. The firm pursues companies with skilled management, strong market positions, positive earnings, and the potential to build additional value. Prospective companies typically generate annual sales of €50 to €500 million. The Firm's target transaction size ranges from €50 to €250 million. Sectors of interest include automotive supplies, fine chemicals, industrial services, logistics, machine/plant construction, and measuring/automation technology. Deutsche Beteiligungs was established in 1965 and became publicly-listed in 1985. The Firm is based in Frankfurt.


DEAL STATS #
Overall 33 of 39
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 15 of 18
Country: Italy M&A 1 of 1
Year: 2023 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 Heytex

Bramsche, Germany

Heytex develops and manufactures high-quality coated, calendered, and laminated textiles for various end markets. Heytex was formed in 1913 and is based in Bramsche, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-08 braun teleCom

Hannover, Germany

braun teleCom is a full-service provider in the broadband communications sector. The group's companies develop, produce and market components for the construction of cable and fiber-optic networks. braun teleCom was founded in 1986 and is based in Hannover, Germany.

Sell -