Aurelius Equity Opportunities has acquired Distrelec and Nedis businesses from Dätwyler Group, which is listed on the Swiss stock exchange. With a total of about 850 employees the acquired business units generate annual revenues of approximately €275m. The parties agreed not to disclose the purchase price and the transaction is expected to close in the first quarter of 2020.
Distrelec, headquartered in Manchester (UK) and Nänikon (CH), is a leading B2B distributor of electronic and technical components with approximately 600 employees. Beyond its main markets of Switzerland and Sweden, the company also has a strong market presence in 15 European countries (Austria, Belgium, Denmark, Estonia, Finland, Germany, Iceland, Italy, Latvia, Lithuania, the Netherlands, Norway, Poland, Sweden and Switzerland). Its product portfolio has a significant focus on MRO components and targets B2B customers.
Nedis, headquartered in s’Hertogenbosch (NL) is a wholesaler for electronic products. With approximately 250 employees. Nedis is a wholesaler of electronic products marketed under the Nedis brand especially in the Netherlands, France and Scandinavia. Nedis has a physical presence in Austria, Belgium, Czechia, Finland, France, Germany, Hungary, Italy, the Netherlands, Spain, Sweden, Switzerland and the United Kingdom. The company has already been operationally realigned in the past by several initiatives, amongst them a complete rebranding in 2018. This strategy shall be continued to further position Nedis as a successful category manager in the European market.
“This acquisition enables us to further strengthen our position as a specialist in the carve-out of non-core divisions. The acquired businesses offer great potential and we are looking forward to help the company achieve its full potential”, said Aurelius CEO Dr. Dirk Markus. “All in we have bought five new strategically interesting businesses in 2019. We see further attractive opportunities for acquisitions, as well as on the exit side, for 2020.”
Aurelius will support the acquired businesses, both financially and operationally to ensure a seamless transition after the carve-out from Dätwyler Group. It is our aim to establish them as successful standalone companies and bring them on a sustainable growth path. The transaction perfectly fits into the Aurelius mid-market investment focus.