# IDEC Corporation acquires Apem Group for €240M

IDEC Corporation, a Japanese manufacturer of industrial automation products, entered into a stock purchase agreement to acquire 100% of Apem Group, a global HMI solutions manufacturer, for an enterprise value of €240 million. The deal was signed on December 14, 2016.

- Type: Acquisition
- Announced: 2016-12-14
- Where: France
- Value: $255.0M (240.0M EUR)
- Status: announced
- Products: HMI solutions, switches, joysticks, keyboards, LED indicators
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ICG](https://endata.com/companies/6619.md) (partner)
- [IDEC Corporation](https://endata.com/companies/16509.md) (acquirer)
- [Apem Group](https://endata.com/companies/16510.md) (target)

## Sources

- [dcadvisory.com](https://www.dcadvisory.com/news-deals-insights/deal-announcements/dc-advisory-advised-idec-corporation-on-the-acquisition-of-apem-group-from-icg/), 2016-12-15: "On 14 December 2016 and pursuant to a two-month bilateral process, IDEC entered into a stock purchase agreement with ICG and APEM’s management team to acquire 100% of the share capital of APEM for an enterprise value of €240m."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.