Electronics Stores M&A » By The Online Investor Staff, updated Thu., Jan. 28, 4:13 AM
Recent mergers and acquisitions in the Electronics Stores M&A category.
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Slide #1. Systemax — SCC Services B.V.
Acquirer:
Systemax (NYSE:SYX)
Acquiree:
SCC Services B.V.
Details:
Systemax Inc. (NYSE: SYX) today announced it has signed a definitive agreement to acquire SCC Services B.V., a supplier of business-to-business IT products and services with operations in the Netherlands, subject to certain closing conditions, including approval by the Netherlands Authority for Consumers and Markets. Financial terms of the acquisition, which is expected to close later in the second quarter, were not disclosed.
Systemax, through its operating subsidiaries, is a marketer of brand name and private label industrial and business equipment and supplies in North America. Co. sells a range of industrial and general business hard goods and supplies and to a lesser extent products that would fall into the category of maintenance, repair and operations products, which are marketed in North America. Majority of these products are manufactured by other companies. Some products are manufactured for Co. and sold under its brand as a white label product, and some are manufactured to its own design and marketed under the trademarks: Global™, GlobalIndustrial.com™, Nexel™ Paramount™ and Interion™.
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List of Electronics Stores Mergers & Acquisitions in this Slideshow:
8/7/2012:
Acquirer: Richard Schulze, former chairman of Best Buy
Acquiree: Best Buy (BBY)
Merger/Acquisition details: details »
Broker/underwriter/advisor: Goldman, Sachs & Co.(Advisor)
Broker/underwriter/advisor: J.P. Morgan(Advisor)
11/28/2012:
Acquirer: GLENTEL Inc. (GLN.CA)
Acquiree: Automotive Technologies, Inc. dba Wireless Zone
Merger/Acquisition details: details »
12/2/2013:
Acquirer: LX Ventures (LXV.CA)
Acquiree: Copper.io Inc.
Merger/Acquisition details: details »
12/12/2013:
Acquirer: LX Ventures Inc. (LXV.CA)
Acquiree: Strutta.com Media Inc.
Merger/Acquisition details: details »
1/10/2014:
Acquirer: Infosat Communications LP
Acquiree: GLENTEL Business Division's non-core MSAT satellite division (GLN.CA)
Merger/Acquisition details: details »
2/18/2014:
Acquirer: LX Ventures (LXV.CA)
Acquiree: Copper Cloud Inc.
Merger/Acquisition details: details »
3/21/2014:
Acquirer: Nortek (NTK)
Acquiree: Thomas & Betts' HVAC Business
Merger/Acquisition details: details »
5/1/2014:
Acquirer: Nortek, Inc. (NTK)
Acquiree: Thomas & Betts' HVAC Business
Merger/Acquisition details: details »
5/2/2014:
Acquirer: Systemax (SYX)
Acquiree: SCC Services B.V.
Merger/Acquisition details: details »
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 81st percentile
(ranked higher than approx. 81% of all stocks covered)
Analysts' Target Price: SYX Stock Forecast Based on Zacks ABR data; powered by Xignite |
