Ahlström Capital (“AC”), the owner of Enics and Schouw (CPSE:SCHO), the owner of GPV have entered into an agreement to merge the two companies to a newly established company. After closing, Schouw will own 80% while AC will own 20% of the merged entity.
As a result of the transaction, Ahlström Capital releases a significant amount of cash to reach the 80/20 split. By merging Enics and GPV, a new company with more than 7,500 employees and a revenue of EUR 1 bn will be created to operate in the international EMS market.
The two merging companies, Enics and GPV are similar in size and complementing each other. Strong position and strong presence in the market will make the new company an attractive partner to customers, suppliers, and other stakeholders alike. The merged company will be able to help their partners navigate in the fast-changing marketplace and develop its operations even further leveraging on a vast potential of synergies.
Extensive service offering for industrial electronics from early design to testing, full-scale manufacturing and product care and maintenance is providing opportunities to run full product lifecycle management and provide more complete turnkey services for industrial OEMs with one strong partner.
MP’s involvement in this transaction started from the very beginning, selection of the ideal partner candidates and continued until final negotiations and signing of the merger agreement. Based on MP’s wide and entrenched network as well as strong M&A track record in the EMS industry, MP was able to share valuable market insights, ensure a streamlined process, and support Ahlström Capital and the Enics Management Team during the entire transaction.