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  5. Siemens Acquires Fabrica Electrotécnica Josa SA

M&A Deal Summary

Siemens Acquires Fabrica Electrotécnica Josa SA

On June 6, 2008, Siemens acquired electrical equipment company Fabrica Electrotécnica Josa SA from AC Desarrollo

Acquisition Highlights
  • This is Siemens’ 2nd transaction in the Electrical Equipment sector.
  • This is Siemens’ 1st transaction in Spain.

M&A Deal Summary
Date 2008-06-06
Target Fabrica Electrotécnica Josa SA
Sector Electrical Equipment
Buyer(s) Siemens
Sellers(s) AC Desarrollo
Deal Type Add-on Acquisition

Target

Fabrica Electrotécnica Josa SA

Barcelona, Spain
Fabrica Electrotecnica Josa, SA produces electrical materials. The company offers various low tension products, such as small electrical materials for domestic installations; and industrial materials, such as sockets in 2P+T, 3P+T, 3P+N+T, and in surface (wall base), panel mounting (semi flush base), connector base, extension, and pin versions for low voltage industrial facilities; and products for use in specialist areas, such as agricultural facilities, shipyards, warehouses, construction sites, and laboratories.

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Buyer(S) 1

Buyer

Siemens

Munich, Germany
Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 75.9B EUR (2024)
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 13 of 53
Sector: Electrical Equipment M&A 2 of 3
Type: Add-on Acquisition M&A Deals 11 of 46
Country: Spain M&A 1 of 1
Year: 2008 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Napier Turbochargers

Lincoln, United Kingdom

Napier Turbochargers Ltd. is a provider in the design, manufacture and support of industrial turbochargers. Napier design, manufacture, market and support a range of high efficiency industrial turbochargers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-16 Cinterion Wireless Modules

Munich, Germany

Cinterion Wireless Modules GmbH is a provider of industrial Machine-to-Machine (M2M) wireless communication modules.

Sell -

Seller(S) 1

SELLER

AC Desarrollo

Madrid, Spain
Category Private Equity Firm
Founded 1999
PE ASSETS 345M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AC Desarrollo is the private equity arm of Ahorro Corporación, a financial services group. AC Desarrollo focuses on acquiring middle market businesses throughout Spain. AC has no industry preferences and will consider both majority and minority positions in portfolio companies. Sectors AC has invested in include food/beverages, domestic cleaning products, air conditioning, toys, telecommunications, retail, and software. Prospective transaction situations include buyouts (MBOs, MBIs, and LBOs), consolidations, startups, and growth capital financing. AC Desarrollo was formed in 1999 and is based in Madrid. The Firm is no longer active.

DEAL STATS #
Overall 13 of 25
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 8
Country: Spain M&A 12 of 23
Year: 2008 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-01 FTEJerez

Jerez de la Frontera, Spain

FTEJerez is a dedicated aviation and airline pilot training academy with a long history of successfully training ab initio pilots to be the present and future captains for a wide range of prominent airlines such as Aer Lingus, British Airways, BA City Flyer, Cityjet, Emirates, Flybe, MEA, Qatar Airways, and Thomas Cook. FTEJerez was founded in 1980 and is based in Jerez de la Frontera, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-01 World Sec SL

Fronteram, Spain

World Sec, S.L. is a provider of laundry and washing services. The company provides power laundries for personal and commercial purposes.

Sell -
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