Munich \u2014 LEONI AG, Nurem\u00adberg, a global provi\u00adder of products and solu\u00adti\u00adons for energy and data manage\u00adment in the auto\u00admo\u00adtive and other indus\u00adtries, has deci\u00added to sell its majo\u00adrity stake in Adap\u00adtri\u00adcity, a cloud-based Swiss network analy\u00adsis plat\u00adform and premium provi\u00adder of smart grid solu\u00adti\u00adons, as part of its stra\u00adte\u00adgic focus on the wiring systems busi\u00adness. Proven\u00adtis Part\u00adners advi\u00adsed LEONI on this transaction.<\/p>\n
The buyer is the inter\u00adna\u00adtio\u00adnally opera\u00adting Secure Meters Ltd. head\u00adquar\u00adte\u00adred in Udai\u00adpur, Raja\u00adsthan, India. The acqui\u00adrer is from Proven\u00adtis Part\u00adners\u2019 Mergers Alli\u00adance network and was advi\u00adsed by Singhi Advi\u00adsors (India). For Secure Meters, Adap\u00adtri\u00adci\u00adty\u2019s modu\u00adlar and cloud-based solu\u00adtion plat\u00adform for distri\u00adbu\u00adtion grid opera\u00adtors repres\u00adents an ideal stra\u00adte\u00adgic addi\u00adtion to its own product port\u00adfo\u00adlio. Secure Meters plans to invest in further expan\u00adsion of the tech\u00adno\u00adlogy and inte\u00adgrate Adap\u00adtri\u00adci\u00adty\u2019s products into its inter\u00adna\u00adtio\u00adnal sales acti\u00advi\u00adties. Adap\u00adtri\u00adcity will operate as a wholly owned subsi\u00addiary of Secure Meters Group.<\/p>\n
Gerd Schus\u00adter, Head of Stra\u00adtegy and M&A at LEONI AG: \u201cProven\u00adtis supported us throug\u00adhout the M&A process with its profound indus\u00adtry know\u00adledge in the energy sector and its Mergers Alli\u00adance network.\u201d<\/p>\n
The role of Proven\u00adtis Partners<\/strong> About LEONI AG<\/strong> About Secure Meters Ltd.<\/strong> About Adap\u00adtri\u00adcity AG<\/strong> About Proven\u00adtis Partners<\/strong> Munich \u2014 LEONI AG, Nurem\u00adberg, a global provi\u00adder of products and solu\u00adti\u00adons for energy and data manage\u00adment in the auto\u00admo\u00adtive and other indus\u00adtries, has deci\u00added to sell its majo\u00adrity stake in Adap\u00adtri\u00adcity, a cloud-based Swiss network analy\u00adsis plat\u00adform and premium provi\u00adder of smart grid solu\u00adti\u00adons, as part of its stra\u00adte\u00adgic focus on the wiring systems [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":38278,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1372,1377],"tags":[],"class_list":["post-40227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-consultant","category-corporate-finance-ma"],"yoast_head":"\n
\nProven\u00adtis Part\u00adners acted as exclu\u00adsive M&A advi\u00adsor to LEONI in the prepa\u00adra\u00adtion and imple\u00admen\u00adta\u00adtion of the tran\u00adsac\u00adtion. In addi\u00adtion to the imple\u00admen\u00adta\u00adtion of a struc\u00adtu\u00adred sales process, the consul\u00adting services included the prepa\u00adra\u00adtion of marke\u00adting and tran\u00adsac\u00adtion docu\u00adments, iden\u00adti\u00adfi\u00adca\u00adtion and approach of poten\u00adtial inves\u00adtors inclu\u00adding manage\u00adment presen\u00adta\u00adti\u00adons as well as support in the due dili\u00adgence and nego\u00adtia\u00adtion of the tran\u00adsac\u00adtion. Proven\u00adtis Part\u00adners worked with Singhi Advi\u00adsors, its Mergers Alli\u00adance part\u00adner in India, who advi\u00adsed the buyer on this tran\u00adsac\u00adtion. The tran\u00adsac\u00adtion team of Proven\u00adtis Part\u00adners: Pierre Schnei\u00adder (Part\u00adner, Munich), Flo- rian Liepert (Direc\u00adtor, Munich) and Petr Maxmi\u00adlian Hajkr (Senior Asso\u00adciate, Munich).<\/p>\n
\nLEONI AG, Nurem\u00adberg, is a global supplier of products and solu\u00adti\u00adons for energy and data manage\u00adment in the auto\u00admo\u00adtive and other indus\u00adtries. LEONI\u2019s largest custo\u00admer base is the global auto\u00admo\u00adtive, commer\u00adcial vehicle and supplier indus\u00adtry, for which the company deve\u00adlops and produ\u00adces both stan\u00addard and special cables as well as custo\u00admer-speci\u00adfic wiring systems and rela\u00adted compon\u00adents. www.leoni.com<\/p>\n
\nSecure Meters Ltd. is a priva\u00adtely held Indian multi\u00adna\u00adtio\u00adnal company with opera\u00adti\u00adons in India, the United King\u00addom, Austra\u00adlia, Sweden, Italy and the Middle East. Secure Meters is a solu\u00adtion provi\u00adder in the field of reve\u00adnue manage\u00adment, power quality and energy effi\u00adci\u00adency and is active with its product solu\u00adti\u00adons in more than 50 count\u00adries. Secure Meters deve\u00adlops, manu\u00adfac\u00adtures and markets products for measu\u00adring and moni\u00adto\u00adring energy consump\u00adtion and has instal\u00adled over 50 million meters world\u00adwide and is one of the leading suppli\u00aders of smart and prepaid meters for elec\u00adtri\u00adcity and gas. www.securemeters.com<\/p>\n
\nSince its foun\u00adding in 2014 as a spin-off company of ETH Zurich, Adap\u00adtri\u00adcity AG, based in Zurich, has estab\u00adlished itself as a Smart\u00adGrid inno\u00adva\u00adtion driver in the German-spea\u00adking region. Adap\u00adtri\u00adci\u00adty\u2019s soft\u00adware tools enable the merging of tradi\u00adtio\u00adnal network plan\u00adning with data-based algo\u00adrithms. The object of the company is, among other things, the deve\u00adlo\u00adp\u00adment, distri\u00adbu\u00adtion and licen\u00adsing of soft\u00adware products for the simu\u00adla\u00adtion, opti\u00admiza\u00adtion, plan\u00adning and moni\u00adto\u00adring of power distri\u00adbu\u00adtion networks, as well as the provi\u00adsion of consul\u00adting services in the field of distri\u00adbu\u00adtion network opera\u00adtors. Their inno\u00adva\u00adtive grid analy\u00adtics tools combine tradi\u00adtio\u00adnal grid plan\u00adning prac\u00adti\u00adces with data-driven algo\u00adrithms to ensure that all meter\u00ading data available on the power grid (e.g., smart meter data) is used opti\u00admally. www.adaptri- city.com<\/p>\n
\nProven\u00adtis Part\u00adners is a part\u00adner-led M&A advi\u00adsory firm whose clients include a majo\u00adrity of mid-sized family busi\u00adnesses, corpo\u00adrate subsi\u00addia\u00adries and private equity funds. With more than 30 M&A advi\u00adsors, Proven\u00adtis Part\u00adners is one of the largest inde\u00adpen\u00addent M&A consul\u00adtancies in the German-spea\u00adking region and looks back on 20 years of M&A expe\u00adri\u00adence and more than 300 comple\u00adted tran\u00adsac\u00adtions. The M&A consul\u00adtants with offices in D\u00fcssel\u00addorf, Hamburg, Munich and Zurich are active in the sectors Indus\u00adtri\u00adals & Chemi\u00adcals, Busi\u00adness Services, Consu\u00admer & Retail, TMT, Health\u00adcare and Energy & Sustaina\u00adbi\u00adlity. Exclu\u00adsive member\u00adship in Mergers Alli\u00adance \u2014 an inter\u00adna\u00adtio\u00adnal part\u00adner\u00adship of leading M&A specia\u00adlists \u2014 enables Proven\u00adtis Part\u00adners to assist clients in 30 count\u00adries in key markets world\u00adwide. The members of the Mergers Alli\u00adance, with its more than 200 M&A profes\u00adsio\u00adnals, provide Proven\u00adtis Part\u00adners and thus its clients with unique access to local markets in Europe, North America, Latin America, Asia and Africa. www.proventis.com<\/p>\n","protected":false},"excerpt":{"rendered":"