M&A Deal Summary

Johnson Electric Holdings Acquires Parlex

On November 9, 2005, Johnson Electric Holdings acquired electronics company Parlex for 75M USD

Acquisition Highlights
  • This is Johnson Electric Holdings’ 2nd transaction in the Electronics sector.
  • This is Johnson Electric Holdings’ 3rd largest (disclosed) transaction.
  • This is Johnson Electric Holdings’ 3rd transaction in the United States.
  • This is Johnson Electric Holdings’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2005-11-09
Target Parlex
Sector Electronics
Buyer(s) Johnson Electric Holdings
Deal Type Add-on Acquisition
Deal Value 75M USD

Target

Parlex

Methuen, Massachusetts, United States
Parlex Corporation design and manufacture of flexible,interconnect products. Parlex produces custom flexible circuits and laminated cables utilizing proprietary processes and patented technologies, which are designed to satisfy the unique requirements of a wide range of customers.

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Buyer(S) 1

Buyer

Johnson Electric Holdings

Sha Tin, China

Category Company
Founded 1959
Sector Electrical Equipment
Employees30,000
Revenue 3.8B USD (2024)
DESCRIPTION
Johnson Electric office in Plymouth, Michigan.
Johnson Electric office in Plymouth, Michigan.

Johnson Electric is a provider of electric motors and motion subsystems. It serves a broad range of industries including automotive, building automation and security, business machines, security and aerospace, food and beverage equipment, home technologies, HVAC, industrial equipment, medical devices, personal care, power equipment and power tools. Johnson Electric was founded in 1959 and is based in Sha Tin, China.


DEAL STATS #
Overall 7 of 9
Sector (Electronics) 2 of 2
Type (Add-on Acquisition) 2 of 4
State (Massachusetts) 1 of 1
Country (United States) 3 of 3
Year (2005) 2 of 2
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 SAIA-Burgess Controls

Murten, Switzerland

SAIA-Burgess Electronics is a supplier of stepper motors, switches, actuators and electronic controllers. Saia-Burgess Controls has more than 300 employees and serves customers throughout Europe through a network of more than 500 system integrators.

Buy Fr.696M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-24 SAIA-Burgess Controls

Murten, Switzerland

SAIA-Burgess Electronics is a supplier of stepper motors, switches, actuators and electronic controllers. Saia-Burgess Controls has more than 300 employees and serves customers throughout Europe through a network of more than 500 system integrators.

Sell $130M