With the sale of Axicom, TE Connectivity, with the support of Lincoln International, has achieved an important milestone in its strategy to further focus its activities.
The Axicom business is a global premium manufacturer of advanced products and solutions in the area of high voltage power transmission and holds long-standing relationships with international, blue-chip original equipment manufacturer (OEM) customers. Its comprehensive product portfolio includes high voltage components and hollow composite insulators for a wide array of high voltage end applications, such as air/gas insulated switchgears, dead tank breakers, bushings and outdoor cable terminations. Axicom is based in Wohlen, Switzerland, with a global salesforce and employs approximately 150 people.
Lincoln International acted as the exclusive mergers and acquisitions (M&A) advisor to TE Connectivity in this complex carve-out and led a highly competitive process through all stages of the deal from preparation of marketing materials, buyer approach and handling, due diligence and negotiations, to the signing of a binding agreement with the buyer, RCP.
The transaction represents Lincoln International’s 18th successful corporate sell-side mandate in the DACH region since 2019.
The parties have agreed not to disclose any financial details.