M&A Deal Summary

TECO Acquires Shenchang Electric

On September 24, 2024, TECO acquired electrical equipment company Shenchang Electric for 550M TWD

Acquisition Highlights
  • This is TECO’s 2nd transaction in the Electrical Equipment sector.
  • This is TECO’s largest (disclosed) transaction.
  • This is TECO’s 1st transaction in Taiwan.

M&A Deal Summary
Date 2024-09-24
Target Shenchang Electric
Sector Electrical Equipment
Buyer(s) TECO
Deal Type Add-on Acquisition
Deal Value 550M TWD

Target

Shenchang Electric

Taipei City, Taiwan
Shenchang Electric provides high-quality and customized electric equipment while upholding the values of environmental sustainability. Shenchang Electric was formed in 1961 and is based in Taipei City, Taiwan.

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Buyer(S) 1

Buyer

TECO

Taipei City, Taiwan
Category Company
Founded 1956
Sector Electrical Equipment
Revenue 59.4B TWD (2023)
DESCRIPTION

TECO is a manufacturer of home appliances, telecommunications equipment, IT systems, electromechanical components, and commercial electronics. TECO was founded in 1956 and is based in Taipei, Taiwan.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Taiwan) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Motovario

Formigine, Italy

Motovario S.p.A. is a manufacturer of power transmission products, for civil and industrial applications (gearboxes, speed variators and electric motors). Motovario operates two factories based near Modena (Formigine and Fiorano Modenese) and holds foreign subsidiaries in eight countries, among which the USA, France and the United Kingdom. The company reported 2009 revenues of €70 million, approximately 61% of which abroad. It employs 560 people.

Buy €187M
Mergr

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