M&A Deal Summary

Kobe Steel Acquires Quintus Technologies AB

On April 13, 2017, Kobe Steel acquired machinery company Quintus Technologies AB from Milestone Partners for 115M USD

Acquisition Highlights
  • This is Kobe Steel’s 1st transaction in the Machinery sector.
  • This is Kobe Steel’s largest (disclosed) transaction.
  • This is Kobe Steel’s 1st transaction in Sweden.

M&A Deal Summary
Date 2017-04-13
Target Quintus Technologies AB
Sector Machinery
Buyer(s) Kobe Steel
Sellers(s) Milestone Partners
Deal Type Add-on Acquisition
Deal Value 115M USD

Target

Quintus Technologies AB

Vasteras, Sweden
Quintus Technologies is the world’s top manufacturer of isostatic presses. Isostatic presses (IP) apply high pressure from all directions at high temperature or room temperature to press-sinter and form metal, ceramic and carbon materials. The presses are widely applicable in the manufacture of high-performance products, such as aircraft parts, power generation turbine blades and semiconductor materials. It has achieved a strong presence in Europe, United States and China, primarily in the aerospace sector, which is anticipated to grow.

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Buyer(S) 1

Buyer

Kobe Steel

Kobe, Japan
Category Company
Founded 1905
Sector Diversified
Employees38,050
Revenue 2.54T JPY (2024)
DESCRIPTION

Kobe Steel is a diversified corporation with businesses in the three core areas of materials, machinery and electric power. The materials businesses include steel, welding, aluminum and copper. The machinery businesses consist of industrial machinery, construction machinery and engineering. Electric power supply is the third core business. Kobe Steel was founded in 1905 and is based in Kobe, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Milestone Partners

Villanova, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Milestone Partners is a lower middle-market private equity firm specializing in investments in manufacturing, distribution, and service companies. Milestone looks for businesses valued up to $250 million with EBITDA of $5 to $50 million. The Firm's target revenue size is $10 to $250 million. Milestone prefers companies with growth potential and proven management. The Firm will not invest in businesses in high cyclical industries, with low barriers to entry, or have a high reliance on technology. Milestone Partners was formed in 1995 and is based in Villanova, Pennsylvania.

DEAL STATS #
Overall 17 of 28
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 6 of 11
Country (Sweden) 1 of 1
Year (2017) 3 of 5
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 Avure Technologies

Franklin, Tennessee, United States

Avure Technologies, Inc. is specializes in the design, manufacturing, installation and global support of high pressure presses machines.

Sell $57M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 Occasion Brands

Middletown, Delaware, United States

Occasion Brands is an online technology-enabled, data-driven analytics and procurement platform specializing in providing women’s formal wear and related accessories. Occasion Brands is based in Middletown, Delaware.

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