ALTERNATIVE FINANCING FORMS
FOR ENTREPRENEURS AND INVESTORS
News

LEONI sells Adaptricity to Secure Meters

10. Novem­ber 2021

Munich — LEONI AG, Nurem­berg, a global provi­der of products and solu­ti­ons for energy and data manage­ment in the auto­mo­tive and other indus­tries, has deci­ded to sell its majo­rity stake in Adap­tri­city, a cloud-based Swiss network analy­sis plat­form and premium provi­der of smart grid solu­ti­ons, as part of its stra­te­gic focus on the wiring systems busi­ness. Proven­tis Part­ners advi­sed LEONI on this transaction.

The buyer is the inter­na­tio­nally opera­ting Secure Meters Ltd. head­quar­te­red in Udai­pur, Raja­sthan, India. The acqui­rer is from Proven­tis Part­ners’ Mergers Alli­ance network and was advi­sed by Singhi Advi­sors (India). For Secure Meters, Adaptricity’s modu­lar and cloud-based solu­tion plat­form for distri­bu­tion grid opera­tors repres­ents an ideal stra­te­gic addi­tion to its own product port­fo­lio. Secure Meters plans to invest in further expan­sion of the tech­no­logy and inte­grate Adaptricity’s products into its inter­na­tio­nal sales acti­vi­ties. Adap­tri­city will operate as a wholly owned subsi­diary of Secure Meters Group.

Gerd Schus­ter, Head of Stra­tegy and M&A at LEONI AG: “Proven­tis supported us throug­hout the M&A process with its profound indus­try know­ledge in the energy sector and its Mergers Alli­ance network.”

The role of Proven­tis Partners
Proven­tis Part­ners acted as exclu­sive M&A advi­sor to LEONI in the prepa­ra­tion and imple­men­ta­tion of the tran­sac­tion. In addi­tion to the imple­men­ta­tion of a struc­tu­red sales process, the consul­ting services included the prepa­ra­tion of marke­ting and tran­sac­tion docu­ments, iden­ti­fi­ca­tion and approach of poten­tial inves­tors inclu­ding manage­ment presen­ta­ti­ons as well as support in the due dili­gence and nego­tia­tion of the tran­sac­tion. Proven­tis Part­ners worked with Singhi Advi­sors, its Mergers Alli­ance part­ner in India, who advi­sed the buyer on this tran­sac­tion. The tran­sac­tion team of Proven­tis Part­ners: Pierre Schnei­der (Part­ner, Munich), Flo- rian Liepert (Direc­tor, Munich) and Petr Maxmi­lian Hajkr (Senior Asso­ciate, Munich).

About LEONI AG
LEONI AG, Nurem­berg, is a global supplier of products and solu­ti­ons for energy and data manage­ment in the auto­mo­tive and other indus­tries. LEONI’s largest custo­mer base is the global auto­mo­tive, commer­cial vehicle and supplier indus­try, for which the company deve­lops and produ­ces both stan­dard and special cables as well as custo­­mer-speci­­fic wiring systems and rela­ted compon­ents. www.leoni.com

About Secure Meters Ltd.
Secure Meters Ltd. is a priva­tely held Indian multi­na­tio­nal company with opera­ti­ons in India, the United King­dom, Austra­lia, Sweden, Italy and the Middle East. Secure Meters is a solu­tion provi­der in the field of reve­nue manage­ment, power quality and energy effi­ci­ency and is active with its product solu­ti­ons in more than 50 count­ries. Secure Meters deve­lops, manu­fac­tures and markets products for measu­ring and moni­to­ring energy consump­tion and has instal­led over 50 million meters world­wide and is one of the leading suppli­ers of smart and prepaid meters for elec­tri­city and gas. www.securemeters.com

About Adap­tri­city AG
Since its foun­ding in 2014 as a spin-off company of ETH Zurich, Adap­tri­city AG, based in Zurich, has estab­lished itself as a Smart­Grid inno­va­tion driver in the German-spea­king region. Adaptricity’s soft­ware tools enable the merging of tradi­tio­nal network plan­ning with data-based algo­rithms. The object of the company is, among other things, the deve­lo­p­ment, distri­bu­tion and licen­sing of soft­ware products for the simu­la­tion, opti­miza­tion, plan­ning and moni­to­ring of power distri­bu­tion networks, as well as the provi­sion of consul­ting services in the field of distri­bu­tion network opera­tors. Their inno­va­tive grid analy­tics tools combine tradi­tio­nal grid plan­ning prac­ti­ces with data-driven algo­rithms to ensure that all meter­ing data available on the power grid (e.g., smart meter data) is used opti­mally. www.adaptri- city.com

About Proven­tis Partners
Proven­tis Part­ners is a part­­ner-led M&A advi­sory firm whose clients include a majo­rity of mid-sized family busi­nesses, corpo­rate subsi­dia­ries and private equity funds. With more than 30 M&A advi­sors, Proven­tis Part­ners is one of the largest inde­pen­dent M&A consul­tancies in the German-spea­king region and looks back on 20 years of M&A expe­ri­ence and more than 300 comple­ted tran­sac­tions. The M&A consul­tants with offices in Düssel­dorf, Hamburg, Munich and Zurich are active in the sectors Indus­tri­als & Chemi­cals, Busi­ness Services, Consu­mer & Retail, TMT, Health­care and Energy & Sustaina­bi­lity. Exclu­sive member­ship in Mergers Alli­ance — an inter­na­tio­nal part­ner­ship of leading M&A specia­lists — enables Proven­tis Part­ners to assist clients in 30 count­ries in key markets world­wide. The members of the Mergers Alli­ance, with its more than 200 M&A profes­sio­nals, provide Proven­tis Part­ners and thus its clients with unique access to local markets in Europe, North America, Latin America, Asia and Africa. www.proventis.com

Subscribe newsletter

Here you can read about the latest transactions, IPOs, private equity deals and venture capital investments, who has raised a new fund, how Buy & Build activities are going.

Get in touch

Contact us!
fyb [at] fyb.de