Enics Merges with GPV to Create a European Electronics Giant
Two strong European-based electronics manufacturing services providers, Enics and GPV are merging. The transaction values the combined business at more than 500M€. The merger will create Europe’s second largest EMS company with more than 7,500 employees and operations worldwide. The Danish industrial conglomerate Schouw & Co., listed on Nasdaq Copenhagen and owner of GPV, will hold 80 per cent of the merging entity, while the current owner of Enics, Ahlstrom Capital B.V., (a wholly owned subsidiary of the family-owned investment company Ahlström Capital) will hold 20 per cent. Additionally, as a result of the transaction, Ahlström Capital will receive approximately EUR 60 million in cash. The merger of Enics and GPV will create an international electronics group with more than 7,500 employees and a revenue close to one billion euros.
Source: Enics Merges with GPV to Create a European Electronics Giant