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.
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