UET AG acquired Albis Technologies AG

MP Corporate Finance acted as the exclusive financial advisor to UET United Electronic Technology AG, a listed technology holding company, in the acquisition of Albis Technologies AG.

UET United Electronic Technology AG is a listed holding company headquartered in Eschborn, Germany. The UET Group concentrates on the investment in medium-sized European companies primarily focusing within the Electronic and Technology sphere. At present the UET Group has a an investment portfolio comprising four companies (elcon, Letron, NewTal and Suconi) constituting telecommunication systems, electronic manufacturing services and installation, support and operation services.

Zurich-based Albis Technolgies AG was founded in 2008 by a team of telecom experts via a MBO (management buyout) from Siemens Switzerland. The company consists of three main business divisions offering access network technologies, multimedia technology solutions and R&D engineering services. With over 80 employees Albis Technologies AG is expected to generate revenues of approximately € 25m in 2015.

The signed transaction is structured as a combined cash purchase and share acquisition and is anticipated to close by July 2015. The current products and clients of Albis Technologies AG will contribute towards increasing UET Group’s market position. Particularly, the complementary product portfolio will enable growth in the areas of Carrier Ethernet, IP Network Migration and Energy Supply in order to better serve the telecommunication market. Subsequently, the transaction strengthens the Group’s geographic presence within Europe and gives the opportunity to support expansion objectives towards South America.