C&D Technologies Acquires Datel Inc. (and Celab Ltd.)
July 22, 2004
C&D Technologies, Inc. completed the acquisition of Datel Inc., a Mansfield, Massachusetts-based manufacturer of DC/DC converters, digital panel meters and data acquisition components, in an all-cash transaction (purchase price disclosed as between $50M and $100M). The deal expands C&D’s power electronics product line and international reach (Datel’s sales were about $60M trailing 12 months) and follows C&D’s recent purchase of Celab Ltd. in the U.K., which together are expected to nearly triple the company’s power electronics revenue.
- Buyers
- C&D Technologies, Inc.
- Targets
- Datel Inc., Celab Ltd.
- Sellers
- Nicholas Tagaris (Datel principal shareholder/founder)
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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