Industrials
Desay SV Automotive on its acquisition of Antennentechnik ABB Bad Blankenburg
Background
Desay SV Automotive is a global leader in intelligent automotive cabin solutions, providing electronic systems and services for intelligent driving and Internet of Vehicle technologies. Headquartered in Huizhou, China, the company maintains long-standing relationships with major OEM customers worldwide and went public at the end of 2017 with a market capitalisation of approximately €2 billion. In 2017, Desay SV Automotive generated revenues of around €783 million.
About the transaction
Desay SV Automotive acquired Antennentechnik ABB Bad Blankenburg GmbH as part of its strategy to expand its technology portfolio. The acquisition provides Desay SV Automotive with a strong platform to broaden its product range and accelerate the development of smart antenna solutions—an essential technology for future mobile communications, secure data exchange and connected mobility. Steen Associates provided financial advisory services on the transaction, including a strategic review.
About the client
Antennentechnik ABB Bad Blankenburg GmbH develops, manufactures and sells high-performance antenna systems and has a history spanning more than 75 years. Through sustained investment in research and development, the company has evolved toward smart antenna architectures with increasing integration of electronics and software, positioning it strongly within next-generation communication technologies.
Date:
March 2019
Service:
Buy side
Size:
Undisclosed
Deal locations:
