Capiton buys AEMTec for €86m

The purchase price amounts to €86m and will increase Exceet's net cash position to €105m after completion, according to a public announcement.

AEMTec generated EBITDA of €8m from €46.5m revenues in 2017, giving Capiton's acquisition an entry multiple of 10.75x.

Capiton used the holding company Mellifera Neunundzwanzigste Beteiligungsgesellschaft to acquire AEMTec. The holding company is controlled by Capiton V, a €400m buyout fund that closed in January 2015. 

Excluding AEMTec's activities, Exceet generated €2.1m EBITDA from €21.5m sales in the first half of 2018.

Company
AEMTec was founded in 1988 and is based in Berlin. It engineers high-precision mounting of optical and electronic multi-chip modules for healthcare, industrial, technology and transportation companies.

People
AEMTec – Christian Methe (CEO).

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