The leading designer and producer of high-reliability passive components, Exxelia, which is also the maker of precision subsystems focusing on highly demanding markets, applications and functions, has stated that it has acquired a majority stake in Alcon Electronics for around $100 million.
The company also commented that with this partnership, Exxelia will gain a boost from the unique engineering capabilities of Alcon centred on testing and instrumentation equipment.
The largest capacitor manufacturing company in India, Alcon Electronics with its state of the art technology is also counted as the leading designer and manufacturer of catalogue and custom-designed film and aluminium electrolytic capacitors, distinctively catering the renewable energy, induction heating equipment, medical imaging, power generation, and railways end markets.
Paul Maisonnier, the Chief Executive Officer of Exxelia said, “Alcon is an established, niche-market leader with great technology, very talented and committed teams and deep business and technical knowledge. With this acquisition, we significantly strengthen our film and electrolytic product portfolio, and we gain a foothold in India which will allow us to better seize opportunities in this booming region and support our French customers with regards to their offset obligations.”
Alcon Electronics founded in 1977 tenders a wide range of film and screw terminal aluminium electrolytic capacitors for power electronic applications.
Siddharth Sachdev, the Managing Director and CEO of Alcon Electronics said, “Exxelia is a human-sized passive component group focused on high-reliability products for professional markets. We found ourselves sharing common values and vision and we believe that this combination enhances the capabilities of both groups to serve our combined customer base in film and aluminium electrolytic capacitors both in India and globally.”
_0_0.gif)
The multinational independent investment bank and financial services company, Lincoln International played the role of an exclusive financial advisor to Exxelia for this transaction, while KPMG India acted as the exclusive financial advisor to the shareholders of Alcon Electronics.
Responses
