Alcon Electronics offers a wide range of film and screw terminal aluminium electrolytic capacitors for power electronic applications
France-based designer and manufacturer of high-performance passive components and sub-systems Exxelia has spent about $100 million to acquire a majority stake in Nashik’s Alcon Electronics.
Alcon is a designer and manufacturer of catalogue and custom-designed film and aluminium electrolytic capacitors, specifically serving the renewable energy, induction heating equipment, medical imaging, power generation, and railways end markets.
With this partnership, Exxelia will benefit from the unique engineering capabilities of Alcon centred around testing and instrumentation equipment, it said in a statement.
Founded in 1977, Alcon Electronics offers a wide range of film and screw terminal aluminium electrolytic capacitors for power electronic applications.
Exxelia is backed by European private equity firm IK Investment Partners.
“Alcon is an established, niche-market leader with great technology, very talented and committed teams and deep business and technical knowledge. With this acquisition, we significantly strengthen our film and electrolytic product portfolio, and we gain a foothold in India which will allow us to better seize opportunities in this booming region and support our French customers with regards to their offset obligations,” said Paul Maisonnier, chief executive officer of Exxelia.
“Exxelia is a human-sized passive component group focused on high-reliability products for professional markets. We found ourselves sharing common values and vision and we believe that this combination enhances the capabilities of both groups to serve our combined customer base in film and aluminium electrolytic capacitors both in India and globally,” said Siddharth Sachdev, managing director and chief executive officer of Alcon Electronics.
Lincoln International acted as the exclusive financial advisor to Exxelia, for this transaction and KPMG India acted as the exclusive financial advisor to the shareholders of Alcon Electronics.