Senstronic Expands with Acquisition of Selet Sensors

Deal News | Jan 21, 2025 | Finance Community IT - 3 Private Equity

Senstronic Expands with Acquisition of Selet Sensors

In a significant move to strengthen its presence in the Italian market, Senstronic, a French company known for its advanced sensing and connection solutions for industrial automation and onboard applications, has acquired Selet Sensors and LCA Ballauri. These acquisitions, facilitated by Andera Partners’ portfolio and assisted by Ethica Group's M&A Advisory team, will allow Senstronic to create a center of industrial excellence in high-tech sensors. Selet Sensors specializes in innovative sensor technology for agricultural machinery and earth movement, with a strong commitment to sustainability, while LCA Ballauri excels in high-performance sensors for critical railway applications. This strategic expansion follows the acquisition of Metallux AG in Germany, bringing Senstronic's total revenue to over 50 million euros. The merger is expected to enhance technological know-how sharing, complement market offerings, and bolster innovation capabilities, with plans to continue investing and expanding both domestically and internationally. Donato Orlando will lead Italian market operations, and Carlo Ballauri will retain a minority ownership and manage LCA Ballauri.

Sectors

  • Industrial Technology
  • Private Equity

Geography

  • France – Senstronic is based in France and operates within this geographical context as part of its strategic expansion.
  • Italy – The acquisitions of Selet Sensors and LCA Ballauri enhance Senstronic's presence in the Italian market, signaling significant growth and strategic positioning.

Industry

  • Industrial Technology – This category includes companies involved in providing technology solutions for industrial applications, like the sensor technologies offered by Senstronic, Selet Sensors, and LCA Ballauri.
  • Private Equity – Involves firms such as Andera Partners who facilitate acquisitions and mergers in various industries, playing a crucial role in expanding company portfolios and market reach.

Financials

  • Over 50 million euros – Total revenue projected for Senstronic post-acquisition.

Participants

NameRoleTypeDescription
SenstronicTargetCompanyA French company providing advanced sensing and connection solutions for industrial automation.
Selet SensorsAcquired CompanyCompanyBased in Turin, Italy, specializing in advanced sensors for agricultural machinery and earth movement.
LCA BallauriAcquired CompanyCompanyLocated in Grugliasco, Italy, focusing on high-performance sensors for critical railway applications.
Andera PartnersPrivate Equity FirmCompanyA PE firm involved in facilitating acquisitions and expanding company portfolios.
Ethica GroupFinancial AdvisorCompanyProvided M&A advisory services for the transaction.
Pavesio e AssociatiLegal AdvisorCompanyActed as legal advisor for Senstronic and Andera Partners.
Grant ThorntonDue Diligence ProviderCompanyConducted financial, tax, and structural due diligence activities.
Gianni & OrigoniLegal Advisor to SeletCompanyProvided legal support to Selet Sensors.
Studio Legale Badellino AppendinoLegal Advisor to LCACompanyProvided legal support to LCA Ballauri.