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
On January 3, 2024, we acquired EA Elektro-Automatik Holding GmbH ('EA'), a leading supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications.Fortive FY24 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.