Hillenbrand Completes Acquisition of LINXIS Group
October 6, 2022
Hillenbrand, Inc. completed its acquisition of LINXIS Group from an affiliate of IK Partners (IK VIII Fund) and additional sellers for total aggregate consideration of €596.2 million (enterprise value of ~€572 million plus cash acquired). The deal combines LINXIS’ ingredient automation and processing technologies with Hillenbrand’s food processing capabilities to deliver more comprehensive solutions and services for customers.
- Buyers
- Hillenbrand, Inc., IK VIII Fund (via affiliate)
- Targets
- LINXIS Group
- Sellers
- IBERIS INTERNATIONAL S.À R.L (affiliate of IK Partners), IK VIII Fund (via affiliate), additional sellers
- Platforms
- Hillenbrand, Inc.
- Industry
- Industrial Services
- Location
- France
- Transaction Type
- Buyout
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