M&A Deal Summary

Watlow Acquires Eurotherm

On June 8, 2022, Watlow acquired electrical equipment company Eurotherm from Schneider Electric

Acquisition Highlights
  • This is Watlow’s 1st transaction in the Electrical Equipment sector.
  • This is Watlow’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-06-08
Target Eurotherm
Sector Electrical Equipment
Buyer(s) Watlow
Sellers(s) Schneider Electric
Deal Type Divestiture

Target

Eurotherm

Worthing , United Kingdom
Eurotherm provides temperature, power, and process control, measurement, and data management equipment, systems, software, and services for global industrial markets. Eurotherm is based in Worthing, United Kingdom.

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Buyer(S) 1

Buyer

Watlow

Saint Louis, Missouri, United States

Category Company
Founded 1922
Sector Electrical Equipment
DESCRIPTION

Watlow is a provider of innovative thermal products and systems. The company designs and manufactures electric heaters and temperature sensors and controls that are used in a wide variety of industries, including semiconductor capital equipment, energy and environmental technologies, medical, foodservice and refrigerated transportation. Watlow was founded in 1922 and is based in Saint Louis, Missouri.


DEAL STATS #
Overall 2 of 2
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-23 Yarbrough Solutions Worldwide

Rockwall, Texas, United States

Yarbrough Solutions Worldwide is a semiconductor equipment solutions provider that services semiconductor fabrication companies globally by developing, installing and servicing high-performance solutions at its customer’s fabrication plants. Yarbrough Solutions Worldwide was founded in 1973 and is based in

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Seller(S) 1

SELLER

Schneider Electric

Rueil Malmaison, France

Category Company
Founded 1836
Sector Electrical Equipment
Employees155,822
Revenue 38.2B EUR (2024)
DESCRIPTION

Schneider Electric is a provider of electricity distribution, automation management and produces installation components for energy management. Schneider Electric develops connected technologies and solutions to manage energy and process in ways that are safe, reliable, efficient and sustainable. Schneider Electric was founded in 1836 and is based in Rueil-Malmaison, France.


DEAL STATS #
Overall 13 of 15
Sector: Electrical Equipment M&A 6 of 7
Type: Divestiture M&A Deals 9 of 10
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-17 EnergySage

Boston, Massachusetts, United States

EnergySage is an online comparison-shopping marketplace for rooftop solar, energy storage, project financing, and community solar. EnergySage empowers consumers to request and compare competing quotes online from a network of more than 500 pre-screened installation companies – a formula that is proven to result in a higher rate of adoption, 20 percent lower prices on average for consumers, and significantly lower costs for renewable energy providers. EnergySage was founded in 2009 and is based in Boston, Massachusetts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 EV Connect

El Segundo, California, United States

EV Connect is an electric vehicle (EV) charging solution provider with a mission to build a better planet by enabling electricity as a transportation fuel. Through its open charging platform, the company simplifies the set-up, management, and optimization of charging stations with premium customer service, from installation to driver support. It guides companies of all sizes in managing networks of chargers and delivers a seamless EV charging experience that empowers drivers. EV Connect is based in 2010 and is based in El Segundo, California.

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