MCF supports the shareholders of HASEC in the sale to Scanfil
HASEC-Elektronik GmbH (“HASEC”), a German provider of Electronics Engineering & Manufacturing Services, was sold to Scanfil Oyj (“Scanfil”), a listed Finnish contract manufacturer and system supplier for the electronics industry. In this transaction, MCF acted as financial adviser to the shareholders of HASEC and once again confirmed its ability to successfully execute cross-border deals between the Nordics and Central Europe.
The Deal
MCF advised the shareholders of HASEC in the sale of the company to Scanfil. The transaction offers great operating synergies going-forward and provides an environment, in which HASEC’s extensive track-record of profitable growth can be continued and accelerated. HASEC’s well established client relationships, as well as its sterling industry reputation, will strengthen Scanfil’s market presence in Germany and Western Europe even further.
The acquisition is subject to approval by antitrust authorities and closing is expected in June.
The Target
HASEC is a German Electronics Engineering and Manufacturing Services (E2MS) provider founded in 1991. It has two production sites in Germany and Poland and employs around 240 people. In 2018, HASEC generated sales of around EUR 40m.
The company offers services along the entire life cycle of electronic products, including development, samples, new product introduction, qualification and certification, series production, and aftersales. Its customers are well-known market players with electronic products from various sectors, such as computing, communications, industrial, automotive, and medical.
Client Statements
Marco Zimmermann, Managing Director at HASEC, said: “With Scanfil as our new shareholder, I am confident that we can continue our strong growth trajectory into the next phase and fully realise the exciting opportunities in the current market. MCF has been a great partner to us, giving valuable and very professional support throughout the entire process, and ultimately helping us find the right new home for our business.”
Kevin Reeder, Managing Director and shareholder at bm|t, said: “We are very proud of the successful growth journey HASEC has had over the past years and we are excited for it to continue under its new ownership. Scanfil is the ideal partner for the company and is committed to further grow HASEC’s presence in Thuringia. MCF has been a trusted partner throughout this journey and was essential in finding the right acquirer and making this transaction a success.”
About HASEC
HASEC Elektronik GmbH is a medium-sized company based near Eisenach, in the geographical centre of Germany. The electronics that we manufacture and develop for our customers represent the driving force behind our work. We are inspired by the incredible diversity of all its possible applications. The individual needs of each of our customers are important to us. Our commitment is the highest level of quality, technical and logistical support, flexibility and reliability at transparent and competitive prices.
About Scanfil
Scanfil is an international contract manufacturer and system supplier for the electronics industry, headquartered in Finland and listed on the NASDAQ OMX, Helsinki. Scanfil provides an extensive array of services related to electronic products, ranging from product design and development to product manufacturing, material procurement and logistics solutions to its customers in the fields of automation, energy, IT, health care technology and urbanisation. With annual Sales of c. EUR 550m and approximately 3,300 employees worldwide, Scanfil’s network of factories consists of 10 production units in Europe, Asia and North America.
