M&A Deal Summary

Lipman Electronic Engineering Acquires Dione

On October 4, 2004, Lipman Electronic Engineering acquired technology hardware company Dione for 112M USD

Acquisition Highlights
  • This is Lipman Electronic Engineering’s 1st transaction in the Technology Hardware sector.
  • This is Lipman Electronic Engineering’s largest (disclosed) transaction.
  • This is Lipman Electronic Engineering’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2004-10-04
Target Dione
Sector Technology Hardware
Buyer(s) Lipman Electronic Engineering
Deal Type Add-on Acquisition
Deal Value 112M USD
Advisor(s) Arma Partners LLP (Financial)

Target

Dione

High Wycombe, United Kingdom
Dione is in the design, development and provision of card transaction terminals supporting payment and value-added applications for retailers, including integrated pin and smart card ("Chip & Pin") solutions, standalone terminals for deployment at SME's, wireless terminals for the portable/mobile sectors and secure solutions for unattended payment. Dione also specializes in the provision of managed professional services such as on-site and call-center support with remote terminal management.

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Buyer(S) 1

Buyer

Lipman Electronic Engineering

Park Afek, Israel
Category Company
Founded 1974
Sector Electronics
DESCRIPTION

Lipman Electronic Engineering Ltd., is a provider of electronic payment systems. Lipman develops, manufactures and markets a variety of handheld, wireless and landline POS terminals, electronic cash registers, retail ATM units, PIN pads and smart card readers, as well as integrated PIN and smart card ("Chip & PIN") solutions. In addition, Lipman develops technologically advanced software platforms that offer comprehensive and customized transaction processing solutions for its customers, as well as managed professional services such as on-site and call-center support with remote terminal management.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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