HSH N Kapital GmbH has announced the acquisition of Siemens Building Technologies electronic GmbH from Siemens Building Technologies for an undisclosed amount. Mühlhausen-based Siemens Building Technologies electronic GmbH, develops and produces energy consumtion measuring devices and systems especially for homes and functional buildings. The company currently employs 130 staff.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint