Acal set to acquire German electromagnetic business

Technology service provider Acal has acquired German electronics specialist MTC Micro Tech Components.
Round-up of today's M&A deals


Technology service provider Acal has acquired German electronics specialist MTC Micro Tech Components.
Round-up of today’s M&A deals

Technology service provider Acal has acquired German electronics specialist MTC Micro Tech Components, a provider of electromagnetic shielding products to the European and Asian industrial electronic markets.  



The deal involves an upfront cash paymet of £2.1 million before expenses, with an additional deferred cash consideration of up to £1 million to be payable in January 2013 subject to the business achieving agreed growth targets over the period to 31 December 2012. 



Nick Jefferies, group chief executive of Surrey-headquartered Acal, says: ‘The acquisition of MTC is a further step in the implementation of our specialisation strategy. Operating in a rapidly growing niche, they bring a strong range of own brand electromagnetic shielding products into the group, which we plan to sell throughout Acal’s European organisation.’

The German-based company employs 20 staff and has a manufacturing operation in South Korea. Under the agreement, it will form a separate business unit within Acal’s Electronics division.

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Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital. Connect with...

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