Gentherm Acquires Etratech Enterprises
November 8, 2017
Gentherm Incorporated acquired Etratech Enterprises, Inc., a Burlington, Ontario–based designer and manufacturer of advanced electronic controls and systems, from Etratech shareholders (including minority investor The Shotgun Fund). Etratech, which employs more than 400 people and had estimated revenues of CAD 77 million (about US$61 million) trailing-12-months, was purchased for US$64 million (~8.5x trailing EBITDA).
- Buyers
- Gentherm Incorporated
- Targets
- Etratech Enterprises, Inc.
- Sellers
- Shareholders of Etratech Enterprises (including The Shotgun Fund)
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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