Acquisition strengthens Amphenol’s global capabilities and product offering in the defense, industrial and aerospace industries
LONDON and NEW YORK CITY – 22 APRIL 2015 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it has acted as the sole financial advisor to the shareholders of Invotec Group Ltd. on the sale of the company to Amphenol Corporation. Headquartered in Tamworth, U.K., Invotec is the largest manufacturer of time-critical and technologically complex HDI, Flex and Flex-Rigid printed circuit boards (PCB) in the U.K., and one of the largest PCB manufacturers of this type in Europe. Invotec’s products are used in a range of complex electronics applications in markets such as defense, aerospace, industrial, security and transportation. The Company offers the U.K.’s most comprehensive set of technical expertise across substrate, materials, thermal management, and design for manufacturing (DFM), resulting in products of the highest quality, delivered with the shortest lead times.
“We were delighted to have this opportunity to work with Rubicon Partners and Grovepoint, as well as the management of Invotec Group on this very successful transaction. Given Amphenol’s strong global presence serving defense, aerospace and industrial customers and its PCB fabrication expertise in North America, Invotec will provide a very strategic platform for Amphenol to expand its presence in the European market,” said Robert McNamara, Managing Director, Mooreland Partners.
“The acquisition strengthens Amphenol’s global capabilities and product offering in the defense, industrial and aerospace industries. The electronics revolution continues to accelerate, with new applications and higher performance requirements driving increased demand for our high technology products across all of our end markets,” said Amphenol President and Chief Executive Officer, R. Adam Norwitt.
Amphenol Corporation is one of the world’s largest designers, manufacturers, and marketers of interconnects and sensors, including electrical, electronic and fiber optic connectors, interconnect systems, antennas, coaxial and high-speed specialty cable and pressure and temperature sensors. Amphenol designs, manufactures and assembles its products at facilities around the globe, and sells its products through its own global sales force, independent representatives and a global network of distributors. Amphenol has a diversified presence as a leader in high growth areas of the interconnect and sensor markets including Automotive, Broadband Communications, Commercial Aerospace, Industrial, Information Technology and Data Communications, Military, Mobile Devices and Mobile Networks.