M&A Deal Summary

Qnnect Acquires Meritec

On July 7, 2022, Qnnect acquired technology hardware company Meritec

Acquisition Highlights
  • This is Qnnect’s 1st transaction in the Technology Hardware sector.
  • This is Qnnect’s 2nd transaction in the United States.
  • This is Qnnect’s 1st transaction in Ohio.

M&A Deal Summary
Date 2022-07-07
Target Meritec
Sector Technology Hardware
Buyer(s) Qnnect
Deal Type Add-on Acquisition

Target

Meritec

Painesville, Ohio, United States
Meritec is a designer and manufacturer of an interconnect embedded systems and connectors for original equipment manufacturers across the global semiconductor, military, aerospace, medical, and industrial end markets. Meritec was founded in 1966 and is based in Painesville, Ohio.

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Buyer(S) 1

Buyer

Qnnect

Painesville, Ohio, United States
Category Company
Sector Electrical Equipment
DESCRIPTION

Qnnect is a producer of highly engineered electronic interconnect solutions for high-density and high-speed applications of leading original equipment manufacturers. Qnnect is based in Painesville, Ohio.

DEAL STATS #
Overall 2 of 4
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Ohio) 1 of 1
Country (United States) 2 of 4
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Custom Interconnects

Centennial, Colorado, United States

Custom Interconnects designs and manufactures Fuzz Buttons, a high-performance, proprietary contact pin technology enabling critical applications within the aerospace, defense, and semiconductor industries. Custom Interconnects is based in Centennial, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Connectronics

Edinburgh, Indiana, United States

Connectronics is a designer and manufacturer of high-performance RF and Microwave connectors and adapters for Aerospace, Telecom, Military, Test and Measurement, and Medical applications. The company has a wide variety of coaxial connectors and adapters, including standard, custom, and 'hard-to-find' components ideally suited to meet its customers' demanding technical specifications. Connectronics was founded in 1985 and is based in Edinburgh, Indiana.

Buy -
Mergr

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