Phoenix Mecano AG (SWX:PM) acquired Hitec Special Measuring Systems B.V. from Hitec Power Protection International B.V. for €15.1 million on January 1, 2014. Pursuant to the transaction, Hitec Special Measuring Systems will be run under the name Phoenix Mecano SMS and will be integrated into the ELCOM/EMS division of Phoenix Mecano. Hitec Special Measuring Systems generated sales of around €6 million in 2013. Lincoln International LLC acted as financial advisor and Houthoff Buruma acted as the legal advisor to Hitec Power Protection International B.V.


Phoenix Mecano AG (SWX:PM) completed the acquisition of Hitec Special Measuring Systems B.V. from Hitec Holding B.V. on January 1, 2014.