Product category:
Networking Hardware
News Release from: Brand-Rex
Edited by the Electronicstalk Editorial
Team on 08 November 2005
Gores acquires Brand-Rex from Honeywell
The Gores Group, a leading privately held investment firm, has acquired Brand-Rex from Honeywell International.
The Gores Group, a leading privately held investment firm, has acquired Brand-Rex from Honeywell International Terms of the transaction were not disclosed
This article was originally published on Electronicstalk on 10 Oct 2005 at 8.00am (UK)
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Brand-Rex is a designer and manufacturer of copper and fibre based cabling systems, headquartered in Glenrothes, Scotland, with facilities across Europe.
Brand-Rex has two primary businesses - Connectivity and Speciality.
Its Connectivity Division designs and manufactures cabling systems (both copper and fibre) for data communications and is the number two player in Europe.
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The Speciality Division exclusively produces cables that are used for control, communications, power and instrumentation within hostile environments.
A global operation, Brand-Rex designs, develops and manufactures some of the most sophisticated, high performance cabling for communications and extreme environment applications.
The Company has manufacturing resources in the UK and sales and marketing bases in the UK, Germany, France, Italy, Spain, Scandinavia and the Middle East.
"Gores will work closely with management to build on Brand-Rex's leading position in the design, manufacture and sales of high performance cabling systems worldwide", said Steve Yager, President, Mergers and Acquisitions at Gores.
"Brand-Rex has an established presence in Europe, with a leading market position in a number of European countries and a well-renowned brand".
"Gores plans to work together with management to maintain this position and also provide the support required to explore new growth opportunities for the business".
Paul Lines, Chief Executive Officer of Brand-Rex, stated: "We are excited to join the Gores portfolio of companies".
"We believe that with Gores's support and expertise we will be able to maintain our leading position and explore new growth opportunities".
Commenting on the nature of the transaction, Nadim Nsouli, European Head of Gores, said: "Gores has a considerable amount of expertise in mergers and acquisitions and in operations".
"We were very pleased with how this transaction was accomplished and believe Brand-Rex is a perfect fit for Gores".
Founded in 1987, Gores is a private investment firm that focuses on the technology, telecommunications, and business services sectors.
The firm combines the seasoned M and A team of a traditional financial buyer with the operational expertise and detailed due diligence capabilities of a strategic buyer.
Gores has a long standing record of creating sustainable value in its portfolio companies by focusing on customers and employees, supporting management with operational expertise and providing the capital required for growth.
Headquartered in Los Angeles, California, USA, Gores maintains offices in Boulder, Colorado and New York, USA; Zurich, Switzerland and London, UK.
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