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.
Round-up of today’s M&A deals
- Asure Software provider of workforce management software solutions purchases ADI Time, a vendor of cloud computing time and attendance software and labour management services
Value: undisclosed
Advisers: undisclosed
- GiltCity.com, a luxury services and experiences site, is to acquire fine-dining booking engine DinePrivate.com
Value: undisclosed
Advisers: undisclosed
- TalkTalk Business has acquired North West-based reseller Greystone Telecom
Value: undisclosed
Advisers: undisclosed
