IPTE has acquired by a cash tender offer and delisting Connect Group
IPTE, a worldwide supplier of automated production equipment for the electronics and mechanics industry, has acquired Connect Group.
The IPTE Factory Automation division develops standard machinery and turnkey automation systems for the production, test and treatment of printed circuit boards and for final assembly work. The equipment is used in automotive, telecommunications, consumer electronics and other sectors within the electronics industry. IPTE is present in Belgium, France, Germany, Portugal, Spain, Romania, Estonia, Mexico, Brasil, USA and Asia.
Connect Group is a certified, leading subcontractor of technology, production systems, printed circuit boards and cable assembly services for the professional industry. The company was founded 30 years ago and has 200 employees.
Oaklins' team in Belgium acted as the exclusive advisor to the bidder in this public takeover bid.
Talk to the deal team
Related deals
The assets of IMG have been acquired by SLV Mecklenburg-Vorpommern
The assets of Ingenieurtechnik und Maschinenbau GmbH (IMG) have been acquired by SLV Mecklenburg-Vorpommern GmbH (SLV-MV) through an asset deal as part of IMG’s insolvency proceedings.
Learn moreLauak Group has sold a majority stake to Wipro Infrastructure Engineering
After careful strategic reflection to secure the group’s future, Lauak Group’s shareholders have chosen an industrial partnership, in line with the ongoing consolidation trend in the market. Attracted by opportunities for innovation and international expansion, the Charritton family, founders and long-term shareholders, regard Wipro Infrastructure Engineering as a trusted industrial partner. The historical shareholders remain minority stakeholders, and the current CEO continues to lead Lauak.
Learn moreQuantum Base has completed a fundraise
Quantum Base Holdings plc (AIM: QUBE) has successfully completed a US$5.7 million fundraise.
Learn more