A French manufacturer and distributor of electronic components has entered the UK market with the acquisition of a leading distributor of components and wireless solutions.
Steliau Technology acquired Basingstoke-based Alpha Micro Components in a deal supported by FRP Advisory’s Financial Advisory team.
The move represents the latest phase of Steliau’s European expansion following recent acquisitions in in Italy and Spain.
The FRP Financial Advisory team, led by director Joanne Price and partner Chris Adlam, was appointed to provide cross-border financial and tax due diligence on the deal. The FRP team reviewed the historic and forecast trading performance, net assets and cashflows to identify key risks, provided tax advice and supported deal negotiations.
The acquisition will open up cross-selling opportunities for Steliau, with Alpha Micro bringing new expertise in connectivity and geolocation technologies to the newly expanded group.
Joanne Price, financial advisory director at FRP, said: “It was a pleasure to support Steliau Technology and its advisers with this acquisition, which provides an excellent strategic fit, giving the business a foothold in the UK and Ireland for the first time.
“Alpha Micro Components’ in-house expertise has helped it become a well-established and respected business in the UK and Ireland and this deal will only benefit both parties. We look forward to watching their continued growth in the years to come.”
Pascal Reynoud, CEO of Steliau Group, added: “We are very proud to welcome Alpha Micro to the Steliau group. This company, expert in its market and with its customers, will benefit from all the support and strength of our group to accelerate its growth in its territory.”
Jérôme Jouhanneaud, Ben Taylor, Amie-Louise Corry and Andrew Davis at Goodwin provided buy-side legal advice, while Alain Sitbon and Axel Marti-Flich at DDA & Company provided buy-side corporate finance advice.
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