Actuant Completes Acquisition of Mastervolt
Actuant Corp. announced the completion of its acquisition of the stock of Mastervolt. Total consideration for the previously announced transaction was approximately $150 million which was funded from the company’s cash and revolving credit facility.
Headquartered in Amsterdam, the Netherlands, Mastervolt is a designer, developer and global supplier of branded power electronics. Its products provide the technology associated with the efficient conversion, control, storage and conditioning of power and are utilized in various end markets including solar photovoltaic (PV), marine and specialty vehicles.