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M&A Deal Summary

TTS Acquires Novero

On December 18, 2015, TTS acquired technology hardware company Novero for 65M EUR

Acquisition Highlights
  • This is TTS’s 7th transaction in the Technology Hardware sector.
  • This is TTS’s largest (disclosed) transaction.
  • This is TTS’s 2nd transaction in Germany.

M&A Deal Summary
Date 2015-12-18
Target Novero
Sector Technology Hardware
Buyer(s) TTS
Deal Type Add-on Acquisition
Deal Value 65M EUR

Target

Novero

Bochum, Germany
Novero GmbH is a key supplier of integrated car connectivity with excellent hardware design and significant software development capabilities. Novero designs and manufactures; telematics control units, wireless charging modules, USB hubs, wireless signal enhancement solutions, and software applications that manage in-car connectivity systems. Together, these technologies enable telematics services including vehicle tracking for fleet management, driver behaviour monitoring, eCall emergency services, insurance tracking, vehicle diagnostics and vehicle remote control. The Volkswagen Group including its VW, Audi, Bentley and Skoda marques is a major customer.

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Buyer(S) 1

Buyer

TTS

Rosenheim, Germany
Category Company
Sector Manufacturing
Revenue 630M GBP (2015)
DESCRIPTION

TTS designs and manufactures high-performance, mission-critical active thermal management solutions, primarily for medical and life sciences end markets. TTS is based in Rosenheim, Germany.

DEAL STATS #
Overall 10 of 10
Sector: Technology Hardware M&A 7 of 7
Type: Add-on Acquisition M&A Deals 9 of 9
Country: Germany M&A 2 of 2
Year: 2015 M&A 2 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-24 LS Research

Cedarburg, Wisconsin, United States

LS Research LLC is a provider of wireless technology platforms that provide the foundation for ground-breaking wirelessly –enabled industrial, commercial and consumer products. LSR’s product and service solutions for smarter, simpler wireless design and depth of experience in Wi-Fi®, Bluetooth®, BLE, RFID, NFC, 802.15.4, DECT, ZigBee® and cellular.

Buy $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 Laird - Connected Vehicle Solutions Business

London, United Kingdom

Laird plc - Connected Vehicle Solutions(CVS) Business is a provider of end-to-end connectivity technology for the automotive industry, including antennae, smart device interfaces, and telematic control units to auto manufacturers in the U.S., Germany and Asia.

Sell -
Mergr

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