Paris-based Steliau Technology, a manufacturer and distributor of electronic components, has acquired Basingstoke-based Alpha Micro Components for an undisclosed sum.
The deal was supported by national firm FRP Advisory.
Alpha Micro Components is a distributor of components and wireless solutions in the UK and Ireland and the move represents the latest phase of Steliau’s European expansion following recent acquisitions in in Italy and Spain.
The acquisition will open up cross-selling opportunities for Steliau, with Alpha Micro bringing new expertise in connectivity and geolocation technologies to the expanded group.
Pascal Reynoud, CEO of Steliau Group, said; "We are very proud to welcome Alpha Micro to the Steliau group.
"This company, expert in its market and with its customers, will benefit from all the support and strength of our group to accelerate its growth in its territory."
Joanne Price, financial advisory director at FRP, said: "It was a pleasure to support Steliau Technology and its advisers with this acquisition, which provides an excellent strategic fit, giving the business a foothold in the UK and Ireland for the first time.
"Alpha Micro Components’ in-house expertise has helped it become a well-established and respected business in the UK and Ireland and this deal will only benefit both parties. We look forward to watching their continued growth in the years to come."
Jérôme Jouhanneaud, Ben Taylor, Amie-Louise Corry and Andrew Davis at Goodwin provided buy-side legal advice, while Alain Sitbon and Axel Marti-Flich at DDA & Company provided buy-side corporate finance advice.
The FRP Financial Advisory team, led by director Joanne Price and partner Chris Adlam, was appointed to provide cross-border financial and tax due diligence on the deal.
