Fortive Corporation acquires EA Elektro-Automatik Holding GmbH
Snapshot
Fortive Corporation acquired EA Elektro-Automatik Holding GmbH for purchase price of $1.72 billion (net of acquired cash) in January 2024. The transaction was structured as all cash. EA Elektro-Automatik Holding GmbH is a Viersen, Germany-based Precision Technologies (Professional Instrumentation) business.
- Acquirer
- Fortive Corporation
- Target
- EA Elektro-Automatik Holding GmbH
- Value
- purchase price of $1.72 billion (net of acquired cash)
- Date
- January 2024
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Fortive Corporation acquired EA Elektro-Automatik Holding GmbH for purchase price of $1.72 billion (net of acquired cash), a transaction completed in January 2024, structured as all cash.
EA Elektro-Automatik Holding GmbH operates in Precision Technologies (Professional Instrumentation), is based in Viersen, Germany. EA Elektro-Automatik is a leading supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications. The acquisition bolsters the Precision Technologies segment's portfolio of products and services for engineers with complementary test and measurement solutions enabling the global energy transition.
Bolsters the PT segment's portfolio with complementary test and measurement solutions enabling the global energy transition.
Exposure to energy-transition test and measurement with high-power electronics expertise. Precision Technologies segment
No advisory firms have been disclosed for this transaction.