M&A Deal Summary

Hoerbiger Acquires Gala Precision Technology Pvt.

On June 1, 2009, Hoerbiger acquired machinery company Gala Precision Technology Pvt. from True North Co.

Acquisition Highlights
  • This is Hoerbiger’s 1st transaction in the Machinery sector.
  • This is Hoerbiger’s 1st transaction in India.

M&A Deal Summary

Date 2009-06-01
Target Gala Precision Technology Pvt.
Sector Machinery
Buyer(s) Hoerbiger
Sellers(s) True North Co.
Deal Type Add-on Acquisition

Target

Gala Precision Technology Pvt.

Thane, India
Gala Precision Technology Private Ltd. is a manufacturer of valves and systems for reciprocating compressors in hermetic and semi-hermetic applications.

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Buyer(S) 1

Buyer

Hoerbiger

Zug, Switzerland

Category Company
Founded 1895
Sector Manufacturing
DESCRIPTION

Hoerbiger is a producer of products and services for the energy, automotive, electrical, safety, and engineering sectors. Its products and services are used in reciprocating compressors, gas flow control units, vehicle drives, rotating unions, explosion protection, gas-powered engines, and in automobile hydraulics. Hoerbiger was formed in 1895 and is based in Zug, Switzerland.


DEAL STATS #
Overall 2 of 5
Sector: Machinery M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 4
Country: India M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-04 Morgan Advanced Materials - Compressor Technology Group

United States

Morgan Advanced Materials - Compressor Technology Group engages in manufacturing of polymer rings and packings used in compressors.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 IEP Technologies

Ashland, Massachusetts, United States

IEP Technologies LLC is a provider of systems and services that detect, suppress, isolate and/or vent potential combustible dust or vapor explosions in process industries.

Buy -

Seller(S) 1

SELLER

True North Co.

Mumbai, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

True North Co. is a private equity firm focused on making investments in growing middle-market companies operating in India. The Firm looks to invest a minimum of $50 million per transaction. Sectors of interest include consumer, healthcare, financial services, infrastructure services, and IT. True North does not invest in start-ups or early-stage companies. True North Co. was formed in 1999 and is headquartered in Mumbai.


DEAL STATS #
Overall 7 of 22
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 13
Country: India M&A 7 of 19
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-01 InLogistics

Indore, India

InLogistics is a provider of end to End Logistic Solutions right from transportation to handling, Loading and Unloading of various types of commodities such as steel, marble, food grains, apparels and electronic goods etc., and trading activities in wheel sets- a key component for the manufacture of rakes. InLogistics was founded in 2006 and is based in Indore, Madhya Pradesh.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 UEM Group

West Palm Beach, Florida, United States

UEM Group is an international multi-disciplinary environmental services company that specializes in providing turnkey services in the water and wastewater collection, treatment and disposal. UEM group provides complete, single source services from engineering, design to construction-installation with full responsibility on a performance guaranteed, water, waste-water or domestic waste treatment facility. UEM Group was founded in 1973 and is based in West Palm Beach, Florida.

Buy -