Lincoln International: Kissling Elektrotechnik has been sold to TE Connectivity
Lincoln International is pleased to announce the sale of Kissling Elektrotechnik, a specialist in the field of high voltage relays and switches mainly for the commercial vehicle industry, to the American TE Connectivity Group.
Kissling is a well-established innovation leader in the design, manufacture and marketing of high-performance, mission-critical high-voltage power relays and switches. The company, which is owned by private shareholders, is a global leader in its segment and is operating from major locations in Germany, Switzerland and Slovakia generating sales of approx. Euro 50 million and employing a staff of 420 people. The Company’s customers are mainly leading European Tier-1 suppliers and OEMs in the commercial vehicles, railway, marine and aerospace industry.
Based in the United States, TE Connectivity (NYSE “TEL”), is a world leader in connectivity and sensors with a strong market position in the electric vehicles industry. The acquisition of Kissling adds to TE’s product portfolio in order to strengthen its support for customers and markets around the world. TE expects this acquisition to significantly enhance its ability to develop and provide integrated, highly engineered heavy-duty and e-mobility solutions for customers worldwide.
Lincoln International acted as exclusive investment banking advisor to the family shareholders of Kissling, orchestrating a highly competitive global sale process involving strategic and financial investors.