# Volex plc signs agreement to acquire Servatron Inc. for $28.6 million

Volex plc signed an agreement to acquire Servatron Inc. for $28.6 million, including assumption of net debt of approximately $6.7 million. The transaction is expected to close on July 31, 2019.

- Type: Acquisition
- Announced: 2019-07-30
- Where: Spokane, Washington, United States
- Value: $28.6M
- Status: announced
- Products: electrical components, electronic equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Volex](https://endata.com/companies/10515.md) (acquirer)
- [Servatron Inc.](https://endata.com/companies/40956.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/VOLEX-PLC-4002433/news/Volex-plc-signed-an-agreement-to-acquire-Servatron-Inc-for-28-6-million-34216358/), 2019-07-29: "Volex plc signed an agreement to acquire Servatron Inc. for $28.6 million on July 30, 2019."
- [iconnect007.com](https://iconnect007.com/article/118738/volex-acquires-servatron/118741/smt), 2019-08-02: "Volex, the global supplier of complex assemblies for performance-critical applications and power products, has signed an agreement for the acquisition of all of the issued stock shares and stock units of Servatron Inc."

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