Brown Gibbons Lang & company (BGL) said it has sold MACTek Corporation (MACTek), to Pepperl+Fuchs GmbH.
BGL served as the exclusive financial advisor to MACTek in the sale. Specific terms of the transaction were not disclosed.
Founded in 1993 and based in Twinsburg, Ohio, MACTek is the world´s leading supplier of HART (Highway Addressable Remote Transducer) protocol communication devices. HART is the global standard for sending and receiving digital information in harsh and often hazardous industrial environments.
A leader in industrial technology innovation, the company´s wired and wireless communication products and solutions have set the standard for manufacturing and process control communication applications in such diverse end markets as oil & gas, chemicals, pharmaceuticals, and food processing.
The acquisition will extend Pepperl+Fuchs´ integrated solutions offerings and strengthen its position in the Wireless HART market.
Headquartered in Mannheim, Germany, Pepperl+Fuchs is a world leader in the design, manufacture, application, and support of a broad range of robust solutions to process automation markets and applications. The company has nearly 5,600 employees worldwide, more than 80 foreign subsidiaries on six continents, and manufacturing facilities in the United States, Germany, Singapore, Hungary, China, Indonesia, and Vietnam.
Brown Gibbons Lang & company is a leading independent investment bank serving the middle market. BGL has offices in Chicago and Cleveland and real estate offices in Irvine and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents, which allows us to deliver to our clients unparalleled access to corporations, investors, and opportunities globally.