Raphael Brenier
Aurignac Finance
First Switchtech (STPI - REL)
Deal Type
Company sale
Sector
Industrials
Completion Date
6th December 2022
Deal Value
Not disclosed
Company Background
First Switchtech was one of the two worldwide leaders of
hermetically sealed relays for harsh environments (aerospace, defense, energy). The Group was born in 1997 with the acquisition of STPI and has developed through organic growth and acquisitions with the purchase of the former relays division of Company Deutsch (DRI USA and India and REL Orléans), in 2008. A first operation has occured in 2020 with the disposal of DRI, the American and Indian subsidiary to TE Connectivity.
Deal Summary
Disposal of French activities of First Switchtech following the previous disposal of American and Indian Activities
