Divestiture • Energy Services and Equipment

LS Electric Acquires LS Energy Solutions

On December 4, 2018, LS Electric acquired energy services and equipment company LS Energy Solutions from Parker Hannifin

Acquisition Context
  • This is LS Electric’s 1st transaction in the Energy Services and Equipment sector.
  • This is LS Electric’s 1st transaction in the United States.
  • This is LS Electric’s 1st transaction in North Carolina.

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M&A Deal Summary

Date December 4, 2018
Target LS Energy Solutions
Sector Energy Services and Equipment
Buyer(s) LS Electric
Sellers(s) Parker Hannifin
Deal Type Divestiture

Target Company

LS Energy Solutions

Charlotte, North Carolina, United States
LS Energy Solutions LLC is a global energy solutions company offering a total solution with key technologies in global-level ESS system, PCS design, manufacturing, implementation, and service.
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Buyer Overview 1

Buyer

LS Electric

Anyang-Si, South Korea

Category Company
Founded 1974
Sector Electrical Equipment
Employees3,153
Revenue 4.55T KRW (2024)
DESCRIPTION

LS Electric is a designer and manufacturer of AC drives and control products, PLC, HMI, industrial motor control, and circuit protection products. LS Electric was founded in 1974 and is based in Anyang, South Korea.


Deal Context for Buyer #
Overall 2 of 2
Sector: Energy Services and Equipment 1 of 1
Type: Divestiture 1 of 1
State: North Carolina 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 LS Power Semitech Co.

Cheonan, South Korea

LS Power Semitech is a Korea-based supplier of IPMs With its headquarter and development activities based in Seoul and its manufacturing site located at Cheonan, Korea, LS Power Semitech is well positioned to serve the large domestic Korean, Chinese and global consumer white goods markets, serving all major brands in home appliances.

Buy -

Seller Profile 1

SELLER

Parker Hannifin

Cleveland, Ohio, United States

Category Company
Founded 1917
Sector Machinery
Employees61,120
Revenue 19.9B USD (2024)
DESCRIPTION
Parker Hannifin's corporate headquarters in Cleveland, Ohio.
Parker Hannifin's corporate headquarters in Cleveland, Ohio.

Parker-Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. Parker Hannifin was formed in 1917 and is based in Cleveland, Ohio.


Deal Context for Seller #
Overall 8 of 12
Sector: Energy Services and Equipment 1 of 2
Type: Divestiture 8 of 12
State: North Carolina 1 of 1
Country: United States 7 of 11
Year: 2018 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Facet

Tulsa, Oklahoma, United States

Facet produces innovative contaminant management solutions for an evolving industry and an increasingly environmentally conscious world. Facet manufactures and markets filter housings, filter cartridges and complete filtration systems for hydrocarbon filtration and separation and is a leader in global aviation fuel filtration. Facet was founded in 1943 and is based in Tulsa, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Parker Hannifin - Precision Cooling Business

Cleveland, Ohio, United States

Parker Hannifin Corp. - Precision Cooling Business is a designer and manufacturer of refrigerant based Pumped Two-Phase Cooling systems and assemblies. Its products have been used in cooling of electric drives, inverters, motors and generators, batteries, and other high power electronic devices.

Sell -