Acal has acquired MTC Micro Tech Components GmbH and its affiliate EMC Innovation Limited, for €2.4m.
MTC is a specialist provider of Electromagnetic shielding products to the European and Asian industrial electronic markets. Based in Germany, with a manufacturing operation in South Korea, MTC employs 20 staff. The company will form a separate business unit within Acal’s Electronics division and Acal says MTC will retain its strong independent brand identity.
Additionally, a deferred cash consideration of up to €1.1m will be payable in January 2013 subject to the business achieving agreed growth targets over the period to 31 December 2012. Previous owner Mr G Bächer will remain with the business.
Nick Jefferies, Group Chief Executive of Acal plc said in a statement: “The acquisition of MTC is a further step in the implementation of our specialisation strategy. Operating in a rapidly growing niche, they bring a strong range of own brand Electromagnetic shielding products into the Group, which we plan to sell throughout Acal’s European organisation… A combination of specialist acquisitions and a move towards more highly differentiated specialist products is driving higher margins which we anticipate will lead to increased profitability in the first half in line with our expectations.”
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