FTV - Fortive Pens Deal To Buy Electronic Test Solution Provider EA Elektro-Automatik For $1.45B | Benzinga
Fortive Corp (NYSE: FTV) signed a definitive deal to acquire EA Elektro-Automatik Holding GmbH for $1.45 billion in cash.
The transaction price, net of $215 million of tax benefits from Bregal Unternehmerkapital, represents a mid-teens projected 2024 EBITDA multiple.
EA Elektro-Automatik supplies high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications.
The acquisition is expected to be accretive to FTV's adjusted gross and operating margins and neutral to modestly accretive to adjusted ...