M&A Deal Summary

Hitachi Acquires Telesis Technologies

On July 22, 2022, Hitachi acquired machinery company Telesis Technologies from Crimson Investment

Acquisition Highlights
  • This is Hitachi’s 4th transaction in the Machinery sector.
  • This is Hitachi’s 5th transaction in the United States.
  • This is Hitachi’s 1st transaction in Ohio.

M&A Deal Summary
Date 2022-07-22
Target Telesis Technologies
Sector Machinery
Buyer(s) Hitachi
Sellers(s) Crimson Investment
Deal Type Add-on Acquisition

Target

Telesis Technologies

Circleville, Ohio, United States
Telesis Technologies produces direct part marking and intelligent vision system solutions used for product traceability applications across a range of end markets. Telesis Technologies was founded in 1971 and is based in Circleville, Ohio.

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Buyer(S) 1

Buyer

Hitachi

Tokyo, Japan
Category Company
Founded 1910
Sector Diversified
Employees268,655
Revenue 9.73T JPY (2024)
DESCRIPTION
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.

Hitachi is a multinational conglomerate that operates across various sectors, including information technology, infrastructure systems, social innovation, automotive systems, and more. The Company's diverse portfolio encompasses a wide range of products and services, such as power systems, industrial machinery, digital solutions, transportation systems, and healthcare solutions. Hitachi was founded in 1910 and is based in Tokyo, Japan.

DEAL STATS #
Overall 18 of 21
Sector (Machinery) 4 of 5
Type (Add-on Acquisition) 14 of 15
State (Ohio) 1 of 1
Country (United States) 5 of 7
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-22 Photon Energy

Ottensoos, Germany

Photon Energy engages in the development, research, and sales of Ultra-Short Pulse (USP) laser, sources, and marking systems. Photon Energy was established in 2001 and is headquartered in Ottensoos, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Flexware Innovation

Fishers, Indiana, United States

Flexware Innovation is focused on Manufacturing Execution Systems for enterprise clients in many vertical industries such as Life Sciences, Food & Beverage, Utilities, Metal and Steel, and Automotive and Discrete manufacturing. Their capabilities range from controls engineering and safety assessments all the way up to ERP implementation. Flexware Innovation was formed in 1996 and is based in Fishers, Indiana.

Buy -

Seller(S) 1

SELLER

Crimson Investment

San Francisco, California, United States
Category Private Equity Firm
Founded 1996
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crimson is a private equity firm that targets investments in middle-market businesses located in Asia and the US. Prospective companies typically have EBITDA of $5 to $20 million. Specific sectors of interest include life sciences, branded consumer, safety & security, water, and industrials. Crimson was formed in 1996 and has offices in California and Taipei.

DEAL STATS #
Overall 3 of 3
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 TydenBrooks

Atlanta, Georgia, United States

TydenBrooks is a manufacturer of one-time-use security seals and electric meter security and protection products. TydenBrooks was founded in 1897 and is based in Atlanta, Georgia.

Sell -
Mergr

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