IMAP is pleased to announce that Denmark based electronics manufacturing company BB Electronics acquired 100% of the shares of Wendell electronics. Terms of the transaction were not disclosed. IMAP Czech Republic advised Wendell electronics throughout the entire transaction process
Founded in 1975, BB Electronics is today one of Scandinavia’s leading service companies in the field of electronics production and aims to be a leader in automation and logistics, as well as innovative communications and commercial solutions. The company’s services are used in a wide range of industries, including telecommunications, IT, medical technology and transportation. BB Electronics has revenues of over EUR 60 million and employs 550 employees in Denmark and China.
Wendell electronics, established in 2002, is as a leading Czech electronic manufacturing service provider. The company serves many large international customers. In 2018 a new modern manufacturing plant was built in Lanskroun, hub of the electronics sector in the Czech Republic. The company has 130 employees and in 2018 reached EUR 12.9 million in revenues.
In 2019, IMAP closed 234 M&A deals valued at over $13 billion. The result was higher than the previous year (208) and indeed, marked IMAP’s strongest performance since 2012. Average disclosed IMAP deal value stood at $66.9 million.
NEI Limited, based in Jaipur, India, has acquired the Slovakia based bearings manufacturer, Kinex Bearings.
Now in its 7th edition, this issue of IMAP’s flagship publication Creating Value, takes an in depth look at Africa, where IMAP recently held its bi-annual international conference for the first time since the company’s inception in 1973.
