M&A Deal Summary

Koontz-Wagner Acquires eHouse Manufacturing Operations - Siemens AG

On February 17, 2015, Koontz-Wagner acquired electrical equipment company eHouse Manufacturing Operations - Siemens AG from Siemens

Acquisition Highlights
  • This is Koontz-Wagner’s 1st transaction in the Electrical Equipment sector.
  • This is Koontz-Wagner’s 1st transaction in the United States.
  • This is Koontz-Wagner’s 1st transaction in Texas.

M&A Deal Summary
Date 2015-02-17
Target eHouse Manufacturing Operations - Siemens AG
Sector Electrical Equipment
Buyer(s) Koontz-Wagner
Sellers(s) Siemens
Deal Type Divestiture

Target

eHouse Manufacturing Operations - Siemens AG

Houston, Texas, United States
Siemens' eHouse operational plant manufactures and assembles power equipment centers (PECs) – or eHouses – for low- and medium-voltage switchgear, motor control center equipment, SCADA and other auxiliary equipment for a variety of industries.

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Buyer(S) 1

Buyer

Koontz-Wagner

South Bend, Indiana, United States
Category Company
Founded 1921
Sector Business Services
Revenue 34M USD (2011)
DESCRIPTION

Koontz-Wagner offers repair and testing services for electric motors and other mechanical and electrical equipment, as well as electrical contracting services for commercial and industrial projects. Its maintenance services division repairs motors, generators, switchgear, transformers, electronics, and other electrical and mechanical equipment. Koontz-Wagner was founded in 1921 and is based in South Bend, Indiana.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 South Bend Controls

South Bend, Indiana, United States

South Bend Controls, Inc. is a designer and manufacturer of highly engineered, solenoid-based components used in critical applications serving the aerospace and defense, industrial and medical markets.

Sell -

Seller(S) 1

SELLER

Siemens

Munich, Germany
Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 77.8B EUR (2023)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.

DEAL STATS #
Overall 19 of 27
Sector (Electrical Equipment) 2 of 3
Type (Divestiture) 16 of 23
State (Texas) 1 of 2
Country (United States) 5 of 7
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 Sivantos

Munich, Germany

Sivantos Group is a global hearing aid manufacturer. Sivantos was founded in 1878 and is based in Munich, Germany.

Sell €2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-29 Dresser-Rand

Houston, Texas, United States

Dresser-Rand is a supplier of infrastructure equipment, including compressors, turbines and engines, as well as related after-market parts and services, to the global energy industry. Dresser-Rand is based in Houston, Texas.

Buy $7.8B
Mergr

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