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  5. Neo Acquires SGTec

M&A Deal Summary

Neo Acquires SGTec

On April 18, 2023, Neo acquired manufacturer SGTec

Acquisition Highlights
  • This is Neo’s 1st transaction in the Manufacturing sector.
  • This is Neo’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2023-04-18
Target SGTec
Sector Manufacturing
Buyer(s) Neo
Deal Type Add-on Acquisition

Target

SGTec

Rainham, United Kingdom
SGTec is a specialty manufacturer of rare-earth-based and other high-performance magnets for industrial and commercial markets. The company produces a variety of high-performance magnets and magnetic assemblies for some of the world’s leading brands in electric and hybrid vehicles, multi-fuel and medium-duty engines, hydrogen fuel cell vehicles, off-highway fuel systems, automotive systems, and consumer electronics. SGTec is based in Rainham, United Kingdom.

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Buyer(S) 1

Buyer

Neo

Toronto, Ontario, Canada
Category Company
Founded 1994
Sector Manufacturing
Employees1,506
Revenue 476M USD (2024)
DESCRIPTION

Neo is a manufacturer of rare-earth and rare metal-based functional materials. Neo was founded in 1994 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
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