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Efore acquires Roal Electronics

18 July 2013 17.30 BST


(Italy) – Deal creates new power supply company with Pan-European reach.

The combined entity will boast over 1,000 employees, development facilities in Finland, Sweden, Italy and China and manufacturing plants in China and Tunisia.

The purchase price of equity amounts to 9.7 million EUR. 60 per cent of the purchase price being paid in cash and 40 per cent in Efore shares.

Vesa Vähämöttönen, president and CEO of Efore said of the move: "This transaction fits perfectly with Efore's strategy. Roal has a strong clientele in Europe and North America which will enable Efore's breakthrough in these areas."

The acquisition of Roal is a key part of Efore's strategy to grow its industrial business sector. Roal designs and manufactures standard and custom power products for several industrial applications, opening new growth opportunities for the Finnish company, such as the growing LED driver market.

Focused exclusively on the power electronics market the newly combined company plans to utilize its increased critical mass and global presence in the marketplace.

Alessandro Leopardi, CEO and general manager of Roal Electronics S.p.A. commented: "Efore and Roal complement each other perfectly, both geographically and by product segments. The companies share the same core competencies and there are no overlaps between customer relationships or products."

www.roallivingenergy.com

www.efore.com

 

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