References/1 Feb 2017
Borenius advised PKC Group in the divestment of PKC Electronics to Enics
We advised PKC Group in the divestment of 100% of their shares in PKC Electronics Oy to Enics, one of the biggest Electronics Manufacturing Service (EMS) provider in the world focusing on industrial electronics.
The transaction value is approximately EUR 10 million (subject to customary transaction closing adjustments). The closing is subject to usual conditions including merger control filings.
According to PKC, the divestment enables PKC Group to continue to focus on its core businesses of commercial vehicles, rolling stock, recreational products and other selected segments. Through the divestment PKC Electronics becomes a part of larger EMS provider which brings the benefits of economies of scale and larger resources and being part of core business.
Recently we also advised PKC Group in connection with the EUR 571 million recommended public tender offer of all shares and stock options in PKC.