Advised on Sale of CompanyTechnology
Acquired 100% of Business Operations
Kendrion acquires electronics and embedded systems developer 3T, substantially strengthening its software and electronics development capabilities.
Kendrion N.V., a leading developer, manufacturer and marketeer of high-quality electromagnetic systems and components for industrial and automotive applications, has acquired 3T, a Netherlands-based software and electronics development company.
In the transaction, Kendrion has acquired 100% of 3T’s shares for an undisclosed amount, which Kendrion will finance from existing resources. The acquisition is expected to have an immediate accretive effect on Kendrion’s earnings per share.
3T is an established, specialist developer, manufacturer, distributor, and provider of lifecycle management services for client-specific electronics and embedded systems. With facilities in Enschede and Eindhoven, 3T employs some 80 FTE, and realizes around EUR 12 million in annual profitable revenues. It offers a strong strategic fit with the control technology activities of Kendrion’s Business Group Industrial Actuators and Controls.
In addition, 3T’s extensive experience in software and electronics development is expected to be strategically important for Kendrion’s Automotive Group, where the increasing content of leading-edge electronic components in passenger cars and commercial vehicles, offers a significant growth opportunity.
3T’s highly skilled employees and proximity to leading technical universities and other institutions of higher technical education, enhance Kendrion’s ability to further build and manage a talented team of software and electronics developers.
Kendrion develops, manufactures, and markets high-quality electromagnetic systems and components for industrial and automotive applications. For more than a century, we have engineered precision parts for the world's leading innovators in passenger cars, commercial vehicles, and industrial applications. As a leading technology pioneer, Kendrion develops, designs, and manufactures complex components and customized systems as well as local solutions on demand.
Kendrion is committed to the engineering challenges of tomorrow, and taking responsibility for how we source, manufacture and conduct business is embedded into our culture of innovation. Rooted in Germany, headquartered in the Netherlands, and listed on the Amsterdam stock exchange, Kendrion's expertise extends across Europe to the Americas and Asia. Created with passion and engineered with precision.
3T is a specialist developer, manufacturer, distributor, and provider of lifecycle management services for client-specific electronics and embedded systems. With facilities in Enschede and Eindhoven, 3T employs around 80 FTE and realizes around EUR 12 million annual profitable revenues. Many of its customers are well-known, international operating companies located in the Netherlands, Germany, and Belgium, which are often among the best in their market segments: high-tech machines, measurement and test instruments, aerospace, defense & security, communication systems, medical products, and high-end consumer products.