Divestiture • Electrical Equipment

Siemens Energy & Automation Acquires Vickers Electronics Systems

On December 30, 2000, Siemens Energy & Automation acquired electrical equipment company Vickers Electronics Systems from Aeroquip-Vickers

Acquisition Context
  • This is Siemens Energy & Automation’s 1st transaction in the Electrical Equipment sector.
  • This is Siemens Energy & Automation’s 1st transaction in the United States.

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M&A Deal Summary

Date December 30, 2000
Target Vickers Electronics Systems
Sector Electrical Equipment
Buyer(s) Siemens Energy & Automation
Sellers(s) Aeroquip-Vickers
Deal Type Divestiture

Target Company

Vickers Electronics Systems

United States
Vickers Electronics Systems is a manufacturer of electronic motion control systems, including controls software, motors and drives for manufacturing. The business provides PC-based open architecture controllers and complete after-market services for machine tool and plastics processing markets and a broad range of other industries. VES has four manufacturing locations, two in the greater Cincinnati, Ohio area, one in Bedford, England and one in Casella, Italy.
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Buyer Overview 1

Buyer

Siemens Energy & Automation

Atlanta, Georgia, United States

Category Company
Founded 1972
Sector Electrical Equipment
DESCRIPTION

Siemens Energy & Automation, Inc. manufactures and markets the world's broadest range of electrical and electronic products, systems and services to industrial and construction market customers. Its technologies range from circuit protection and energy management systems to process control, industrial software and totally integrated automation solutions. The company also has expertise in electronic placement equipment, systems integration, technical services and turnkey industrial systems.


Deal Context for Buyer #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2000 1 of 1

Seller Profile 1

SELLER

Aeroquip-Vickers

Maumee, Ohio, United States

Category Company
Sector Machinery
Employees1,500
Revenue 2.2B USD (1998)
DESCRIPTION

Aeroquip-Vickers is two companies, Aeroquip Corporation and Vickers, Incorporated, world leaders in the design, manufacture and distribution of engineered components and systems to industrial, aerospace and automotive markets. Headquartered in Maumee, Ohio, the company has 15,000 employees and 50 manufacturing and/or assembly sites in 15 countries around the world.


Deal Context for Seller #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2000 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Vickers Electronics Systems

United States

Vickers Electronics Systems is a manufacturer of electronic motion control systems, including controls software, motors and drives for manufacturing. The business provides PC-based open architecture controllers and complete after-market services for machine tool and plastics processing markets and a broad range of other industries. VES has four manufacturing locations, two in the greater Cincinnati, Ohio area, one in Bedford, England and one in Casella, Italy.

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