Kinematics Signs Definitive Agreement to Acquire P4Q
Deal News | Nov 20, 2024 | Angeleno Group LLC
Kinematics, a leader in intelligent motion control, has entered into a definitive agreement to acquire P4Q, a specialist in electronics for solar tracker controllers, industrial automation, and cloud-based monitoring. This acquisition, backed by Angeleno Group, aims to enhance Kinematics' capabilities in serving top solar tracker OEMs globally with a comprehensive motion control solution. P4Q’s advanced technology will integrate with Kinematics' systems to offer improved energy efficiency, reliability, and precision, supporting both new and existing solar projects. This merger aligns with Kinematics' mission to enhance utility-scale solar production and positions P4Q to further its growth trajectory, previously supported by Talde Private Equity. The transaction's financial backing is secured by Citibank and TD Securities, with closure expected by early 2025, pending regulatory approval.
Sectors
- Renewable Energy
- Industrial Automation
- Venture Capital and Private Equity
Geography
- United States – Kinematics, a major participant in the transaction, and Angeleno Group are based in the United States.
- Spain – P4Q is headquartered in Spain and is a major participant in the transaction.
- Global – The article describes a merger involving companies with significant operations in Europe, North America, Asia, and Latin America.
Industry
- Renewable Energy – The article focuses on the acquisition related to solar tracking technologies, which are integral to the renewable energy sector.
- Industrial Automation – Reference is made to P4Q's expertise in industrial automation electronics that will enhance Kinematics' product offerings.
- Venture Capital and Private Equity – Angeleno Group, a venture capital firm, is mentioned as a key participant in the acquisition process.
Financials
- Not disclosed – The transaction's financial details, such as deal price or valuation metrics, are not specified.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kinematics | Target Company | Company | A global leader in intelligent motion control solutions specializing in renewable energy applications, headquartered in Phoenix, Arizona. |
| P4Q | Target | Company | A leading provider of electronics for industrial automation and solar tracking systems, based in Spain. |
| Angeleno Group | Private Equity Firm | Company | A venture capital firm specialized in clean energy and climate solutions, based in Los Angeles, CA. |
| Citibank and TD Securities | Financing | Company | They provided the financial backing for the acquisition. |
| Talde Private Equity | Previous Investor | Company | A private equity firm that had previously invested in P4Q. |
| Proskauer Rose LLP and Uria Menendez | Legal Advisors for Kinematics | Company | Law firms representing Kinematics in the transaction. |
| Garrigues | Legal Advisor for P4Q | Company | Legal firm representing P4Q in the transaction. |