Zug\/ Ever\u00adett (Washing\u00adton) \u2014 Bregal Unter\u00adneh\u00admer\u00adka\u00adpi\u00adtal (BU), a leading private equity firm in the DACH region and Nort\u00adhern Italy, today announ\u00adced the sale of EA Elek\u00adtro-Auto\u00adma\u00adtik (EA), a leading German supplier of elec\u00adtro\u00adnic test and measu\u00adre\u00adment equip\u00adment, to US-based Fortive Corpo\u00adra\u00adtion (Fortive) (NYSE: FTV). The tran\u00adsac\u00adtion is based on an enter\u00adprise value of \u20ac1,585 million and is subject to custo\u00admary closing condi\u00adti\u00adons and regu\u00adla\u00adtory appr\u00adovals; it is expec\u00adted to close early in the first quar\u00adter of 2024.<\/p>\n
EA was foun\u00added in 1974 and is head\u00adquar\u00adte\u00adred in Vier\u00adsen, Germany. The company designs and manu\u00adfac\u00adtures programma\u00adble power supplies, elec\u00adtro\u00adnic loads and bidi\u00adrec\u00adtional power supplies used to test elec\u00adtro\u00adnic compon\u00adents in various indus\u00adtrial and R&D appli\u00adca\u00adti\u00adons. With over 400 employees, EA is a leading provi\u00adder of tech\u00adni\u00adcally advan\u00adced elec\u00adtro\u00adnic test and measu\u00adre\u00adment equip\u00adment, specia\u00adli\u00adzing in the high-power segment of the market as well as high-growth end markets such as e\u2011mobility, battery storage, rene\u00adwa\u00adble energy and hydrogen.<\/p>\n
BU had acqui\u00adred EA from the company\u2019s foun\u00adders in 2019 as part of a succes\u00adsion plan through its second fund, BU II. As part of the BU invest\u00adment, the manage\u00adment team was signi\u00adfi\u00adcantly streng\u00adthe\u00adned, EA\u2019s inter\u00adna\u00adtio\u00adnal sales and marke\u00adting acti\u00advi\u00adties and R&D team were greatly expan\u00added, and seve\u00adral tech\u00adno\u00adlo\u00adgi\u00adcally leading new product lines were laun\u00adched. BU has also inves\u00adted substan\u00adti\u00adally in produc\u00adtion capa\u00adcity at the Vier\u00adsen site and expan\u00added it signi\u00adfi\u00adcantly. The number of employees has increased by 250 in recent years, more than doubling. As a result, sales have increased by an average of appro\u00adxi\u00adm\u00adately 40% annu\u00adally since 2020.<\/p>\n
\u201cWe are very grateful for BU\u2019s support over the past years. Toge\u00adther, we have made signi\u00adfi\u00adcant progress on our jour\u00adney from a Euro\u00adpean tech\u00adno\u00adlogy leader to a global market leader,\u201d says Markus Schy\u00adboll, CEO of EA<\/strong>. \u201cWe are very plea\u00adsed to be joining forces with Fortive \u2014 toge\u00adther we will further acce\u00adle\u00adrate our growth and expand our inter\u00adna\u00adtio\u00adnal reach even more. We want to conti\u00adnue to be our custo\u00admers\u2019 part\u00adner of choice when it comes to elec\u00adtri\u00adfi\u00adca\u00adtion and achie\u00adving carbon neutra\u00adlity in our world.\u201d<\/p>\n Florian Schick, co-foun\u00adder and mana\u00adging part\u00adner of BU <\/strong>(photo \u00a9 Bregal), adds: \u201cWe are very proud of the fanta\u00adstic perfor\u00admance of EA\u2019s manage\u00adment team and employees and are happy to have found a good new home for EA. Toge\u00adther, we stron\u00adgly inter\u00adna\u00adtio\u00adna\u00adli\u00adzed the company, achie\u00adved leading market posi\u00adti\u00adons in seve\u00adral fast-growing end markets, and more than tripled sales during our holding period. This tran\u00adsac\u00adtion is a true success story and a prime exam\u00adple of BU\u2019s invest\u00adment approach to forging strong part\u00adner\u00adships with leading, foun\u00adder-led compa\u00adnies and helping them signi\u00adfi\u00adcantly acce\u00adle\u00adrate their growth.\u201d<\/p>\n About Bregal Entre\u00adpre\u00adneu\u00adrial Capital<\/strong><\/p>\n Bregal Unter\u00adneh\u00admer\u00adka\u00adpi\u00adtal (BU) is a leading private equity firm with offices in Zug, Munich and Milan. As part of a family busi\u00adness that has grown over gene\u00adra\u00adti\u00adons, BU\u2019s funds invest in medium-sized compa\u00adnies head\u00adquar\u00adte\u00adred in Germany, Austria, Switz\u00ader\u00adland and nort\u00adhern Italy, cove\u00adring a wide range of indus\u00adtries. In its efforts to be the part\u00adner of choice for entre\u00adpre\u00adneurs and family busi\u00adnesses, BU speci\u00adfi\u00adcally focu\u00adses on part\u00adner\u00adships with market leaders and \u201chidden cham\u00adpi\u00adons\u201d with a strong manage\u00adment team and great growth poten\u00adtial. Since its estab\u00adlish\u00adment in 2015, the funds mana\u00adged by BU have inves\u00adted over \u20ac2.7 billion in this frame\u00adwork in more than 100 compa\u00adnies with over 20,000 employees. In close part\u00adner\u00adship with entre\u00adpre\u00adneurs and fami\u00adlies, their compa\u00adnies are further deve\u00adlo\u00adped, inter\u00adna\u00adtio\u00adna\u00adli\u00adzed and digi\u00adta\u00adli\u00adzed \u2014 so that sustainable values are crea\u00adted on a respon\u00adsi\u00adble basis in the inte\u00adrests of the next gene\u00adra\u00adtion. www.bregal.ch<\/p>\n About Fortive<\/strong><\/p>\n Fortive is a provi\u00adder of essen\u00adtial tech\u00adno\u00adlo\u00adgies for networked work\u00adflow solu\u00adti\u00adons in a number of attrac\u00adtive end markets. Forti\u00adve\u2019s stra\u00adte\u00adgic segments include well-known brands with leading posi\u00adti\u00adons in their markets. The company\u2019s busi\u00adnesses encom\u00adpass the design, deve\u00adlo\u00adp\u00adment, service, manu\u00adfac\u00adture and marke\u00adting of engi\u00adnee\u00adred products, soft\u00adware and services and have leading brands, inno\u00adva\u00adtive tech\u00adno\u00adlo\u00adgies and strong market posi\u00adti\u00adons. Fortive is head\u00adquar\u00adte\u00adred in Ever\u00adett, Washing\u00adton, and employs more than 18,000 people in rese\u00adarch and deve\u00adlo\u00adp\u00adment, manu\u00adfac\u00adtu\u00adring, sales, distri\u00adbu\u00adtion, service and admi\u00adnis\u00adtra\u00adtion in more than 50 count\u00adries world\u00adwide. www.fortive.com<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Zug\/ Ever\u00adett (Washing\u00adton) \u2014 Bregal Unter\u00adneh\u00admer\u00adka\u00adpi\u00adtal (BU), a leading private equity firm in the DACH region and Nort\u00adhern Italy, today announ\u00adced the sale of EA Elek\u00ad\u00adtro-Auto\u00ad\u00adma\u00ad\u00adtik (EA), a leading German supplier of elec\u00adtro\u00adnic test and measu\u00adre\u00adment equip\u00adment, to US-based Fortive Corpo\u00adra\u00adtion (Fortive) (NYSE: FTV). The tran\u00adsac\u00adtion is based on an enter\u00adprise value of \u20ac1,585 million [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":49652,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369],"tags":[],"class_list":["post-49654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors"],"yoast_head":"\n