Fortive Corporation, the US based global industrial technology corporation, has agreed to acquire EA Elektro-Automatik GmbH & Co. KG, the Germany based supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications, from Bregal Unternehmerkapital GmbH, the Germany based private equity firm, for a USD 1.45bn (around EUR 1.378bn) purchase price, that will be payed in cash, based on a EUR 1.585bn enterprise value. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in early first quarter of 2024.
Target – Ea Elektro-automatik Gmbh & Co. kg
Buyer – Fortive corporation
Seller – Bregal Unternehmerkapital GmbH
