BCMS advises on sale of Dutch electric motion systems manufacturer E2M Technologies to MTS Systems Corporation
BCMS has advised the shareholders of E2M Technologies on its sale to Nasdaq-listed MTS Systems Corporation.
MTS Systems Corporation, a leading global supplier of high-performance test systems and sensors, including aerodynamics simulators, seismic simulators, load frames and hydraulic actuators, has announced the acquisition of E2M Technologies (“E2M”) for approximately US$80million. BCMS was the exclusive advisor to the shareholding of E2M on the sale process.
Founded in 2007, E2M is a leader in the design, development, and manufacture of electric motion control systems for the certified flight and vehicle simulation markets, and the amusement park industry. E2M has gained regulatory and customer quality approvals for some of the most demanding electric motion systems, including motion platforms for ‘Level D’ flight simulators for pilot training and for key customers in the burgeoning theme park and vehicle simulator industries.
E2M will report into the MTS Test division – which will be renamed 'Test and Simulation' to reflect the growth in simulation applications across all MTS market sectors. E2M is expected to contribute nearly $30 million in incremental revenues in fiscal 2019 and double-digit growth thereafter.
E2M co-founder and CEO Jan Van Bekkum commented: "This transaction came about after an approach from another international acquirer. BCMS advised us to approach the whole market to find the right buyer to take our business to the next level. It was an eye-opening experience to meet all the potential acquirers, but we got on well with MTS from the outset which was the most important thing for us all here.
"I’m confident that this new partnership will be highly beneficial to our customer base, suppliers and staff as we start this exciting new chapter."
BCMS Corporate Finance Managing Director Duncan Wade commented: "We are confident that with the backing of MTS E2M will enjoy an even more successful trajectory in the future."
Ken Barragan, BCMS Corporate Finance Director, added: "We are delighted with the outcome of this deal for both the E2M shareholders and employees, and look forward to both companies’ continued success."
The BCMS team consisted of Duncan Wade, Derk Kropholler, Ken Barragan, Guy Pope and Lee Robbins.