Dresner Partners, supported by Ethica Group, advised Tecnikabel on its acquisition of EIS Wire & Cable, a South Hadley, Massachusetts-based company specializing in the design, manufacturing and sale of specialty cables.
Founded in 1910, EIS is deeply rooted in the industrial fabric of Massachusetts and generates revenue exceeding $40 million. EIS operates across two main segments: defence electronics, in which EIS manufactures critical components utilized by leading prime contractors of underwater detection devices used by the United States Navy and the international community of U.S. allies, such as Europe, Canada and Australia and factory automation, serving a client base predominantly composed of global players.
EIS and the Tecnikabel group are highly complementary from both a technological and commercial perspective. EIS possesses well-established know-how in the specialty cables segment, a distinctive position in the industrial automation and defence markets, and a stable, high-quality client base. Concurrently, EIS will be able to drive growth in the U.S. market as well as globally by leveraging Tecnikabel’s international commercial platform, extensive R&D and high-value-added product development capabilities, and the group’s industrial strength. Tecnikabel will retain the EIS brand, together with all current management and employees, as well as the production facility in Massachusetts.
Financial terms of the transaction were not disclosed.
The transaction represents a key strategic step for Tecnikabel, which thereby strengthens its ability to serve its clients on a global scale through a single technological and industrial platform covering the supply of specialty cables, cable assemblies, and high-value-added connectors across North America, Europe and Asia.
