search 
 
 
 
 
 
 

   CHANNEL-E ELECTRONICS EUROPE





Belden to acquire Hirschmann Automation and Control 31-01-07

Belden will purchase Hirschmann Automation and Control (HCA) together with certain affiliates from HgCapital, a European private equity investor, for a cash purchase price of approximately $260 million. HAC is a supplier of Industrial Ethernet solutions and industrial connectivity. HAC is led by Reinhard Sitzmann, chief executive officer, who will continue in that role. The company has its headquarters in Neckartenzlingen, Germany, two production locations in Germany, and three manufacturing joint ventures in China. In addition to its Industrial Ethernet and connectivity product lines, HAC has a leading position in electronic control and safety systems for cranes and other load-bearing equipment. HAC had 2006 revenues of approximately $250 million and employs 750 associates. Apart from the cash purchase price and as part of the consideration for the acquisition, Belden will be responsible for certain obligations, including pension liabilities, of approximately $60 million, to be funded in future years. The companies anticipate the transaction to close in approximately 45 days. Belden expects that the transaction will be accretive to 2007 earnings.

 


RECENT BUSINESS NEWS

Mentor Graphics acquires Berkeley Design Automation

IDT names Global Vice President Of Operations and CTO

Freescale employees confirmed passengers on Malaysia Airlines Flight MH370

Silicon Labs acquires assets from Touchstone Semi

European semiconductor distribution in Q4/2013

Ipetronik names TecRep as sales partner

MACOM acquires Nitronex


RECENT PRODUCT NEWS

High Flex Cat6A GigE Cable Assemblies

MiniLEDs with luminous intensity of 4900 mcd

iSystem: Wireless debugger

Toshiba: news 650V SiC power devices

IR: half-bridge power modules for motors up to 300W

Onsemi: automotive grade power management ICs

DSP-based System-on-Chip for Hearing Health Solutions


Copyright © channel-e IMPRINT |  PRIVACY