M&A Deal Summary

ITW Acquires ELRO-Werke AG

On September 5, 2010, ITW acquired manufacturer ELRO-Werke AG

Acquisition Highlights
  • This is ITW’s 5th transaction in the Manufacturing sector.
  • This is ITW’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2010-09-05
Target ELRO-Werke AG
Sector Manufacturing
Buyer(s) ITW
Deal Type Add-on Acquisition

Target

ELRO-Werke AG

Bremgarten, Switzerland
ELRO-Werke AG is a manufacturer of thermal foodservice equipment. Elro's product line includes such items as kettles, range systems and combi ovens.

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Buyer(S) 1

Buyer

ITW

Glenview, Illinois, United States

Category Company
Founded 1912
Sector Manufacturing
Employees44,000
Revenue 15.9B USD (2024)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.


DEAL STATS #
Overall 36 of 48
Sector: Manufacturing M&A 5 of 7
Type: Add-on Acquisition M&A Deals 33 of 41
Country: Switzerland M&A 1 of 1
Year: 2010 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-04 Hartness International

Greenville, South Carolina, United States

Hartness International offers premier automation solutions for a wide variety of applications. We've assembled a team of leading robotic specialists from around the world to create innovative, vertically-integrated automation systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-06 Panreac Quimica SAU

Barcelona, Spain

Panreac produces and sells a wide range of chemical products for use in laboratories and manufacturing processes. End users include the chemical, pharmaceutical, food, R&D, healthcare and environmental industries.

Buy -