Exxelia, a leading designer and manufacturer of high-performance passive components and sub-systems, announces that it has completed the majority acquisition of Alcon Electronics on December 29th, 2021. Alcon is a leading Indian designer and manufacturer of catalogue and custom-designed film & aluminium electrolytic capacitors, specifically serving the renewable energy, induction heating equipment, medical imaging, power generation, and railways end markets.
Established in 1977 in Nashik, India, Alcon Electronics offers a wide range of film and screw terminal aluminium electrolytic capacitors for power electronic applications. Through continuous innovation and a focus on R&D, Alcon meets the evolving customised requirements and high-quality standards of its products, and enjoys long-standing relationships with both Indian and international clients.
Since inception, Alcon has heavily invested in its state-of-the art facility in Nashik, India, becoming a niche-market leader in the country and competing with large international players.
With this partnership, Exxelia will benefit from the unique engineering capabilities of Alcon cantered around testing and instrumentation equipment, leveraging it extensively within the group.
Paul Maisonnier, Chief Executive Officer of Exxelia, said: “We are excited to have Alcon join the Exxelia family! Alcon is an established, niche-market leader with great technology, very talented and committed teams and deep business and technical knowledge. Thanks to Alcon, we significantly strengthen our film and electrolytic product portfolio, and we gain a foothold in India which will allow us to better seize opportunities in this booming region and support our French customers with regards to their offset obligations”.
Siddharth Sachdev, Managing Director and Chief Executive Officer of Alcon Electronics, added: “Alcon is delighted to be a part of Exxelia, a human-sized passive component group focused on high reliability products for professional markets. We found ourselves sharing common values and vision and we believe that this combination enhances the capabilities of both groups to serve our combined customer base in film & aluminum electrolytic capacitors both in India and globally.”
Lincoln International acted as the exclusive financial advisor to Exxelia, for this transaction and KPMG India acted as the exclusive financial advisor to the shareholders of Alcon Electronics. On the Legal side, Pioneer Legal, India acted as the legal advisors to Alcon Electronics, and BTG Legal, India acted as the legal advisors to Exxelia.