Adel System Entrusts Majority Stake to Puls GmbH
Deal News | Dec 06, 2024 | Finance Community IT - 1 Corporate M&A
Adel System, a specialist in the design of technological solutions for power management, has finalized the sale of a majority stake in its capital to Puls GmbH. This move allows Adel System to become part of the Puls group, contributing to the company's trajectory of success. Scouting Capital Advisors served as the exclusive financial advisor to Adel System's shareholders, with legal advisement from Sutich Barbieri Sutich and tax advice from Ivan Castagnetti. Puls GmbH was advised by Cerina Studio Legale and HLB Analisi. Founded in 1991 in Reggio Emilia, Adel System has expanded significantly, offering over 250 models of industrial power supply solutions and experiencing continuous revenue growth. Puls GmbH, headquartered in Munich and established in 1980, is a global leader in developing and producing DIN rail power supplies with over 1,700 employees across Germany, the Czech Republic, and China. The acquisition signifies a strategic alignment between Adel System's innovative capabilities and Puls GmbH's expansive market presence.
Sectors
- Industrial Technology
- Mergers and Acquisitions
Geography
- Italy – Adel System is headquartered in Reggio Emilia, Italy.
- Germany – Puls GmbH, the acquiring company, is based in Munich, Germany.
Industry
- Industrial Technology – Relevant to the article as both Adel System and Puls GmbH operate in the development of technological solutions and products in power management and DIN rail power supplies, serving various industrial applications.
- Mergers and Acquisitions – Pertains to the acquisition transaction where Puls GmbH acquired a majority stake in Adel System.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Adel System | Target Company | Company | An Italian company specializing in the design and production of technological solutions for industrial power management. |
| Puls GmbH | Bidding Company/Buyer | Company | A German company specializing in the production of DIN rail power supplies and related devices, operating globally. |
| Scouting Capital Advisors | Financial Advisor | Company | Served as the exclusive financial advisor to Adel System's shareholders during the transaction. |
| Sutich Barbieri Sutich | Legal Advisor | Company | Provided legal advice to Adel System during the acquisition process. |
| Cerina Studio Legale | Legal Advisor | Company | Provided legal advice to Puls GmbH during the acquisition. |
| HLB Analisi | Advisor for Puls GmbH | Company | Advised Puls GmbH with a team led by Francesco Notari and Andrea Bellegati. |