# VT5 enters exclusive negotiations to combine with R&S Group

VT5 Acquisition Company AG, a Swiss SPAC, has entered into exclusive negotiations regarding a potential business combination with R&S Group, a provider of power and distribution transformers based in Switzerland.

- Type: Acquisition
- Announced: 2023-10-02
- Where: Switzerland
- Value: $305.0M (274.0M CHF)
- Status: announced
- Products: power and distribution transformers, electrical infrastructure components
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [CGS Management](https://endata.com/companies/6484.md) (investor)
- [R&S](https://endata.com/companies/15461.md) (target)
- [VT5 Acquisition Company AG](https://endata.com/companies/72989.md) (acquirer)
- [R&S International Holding AG](https://endata.com/companies/73578.md) (target)

## Sources

- [ayondo.com](https://www.ayondo.com/en/news/CH1107979838/vt5-acquisition-company-ag/vt5-announces-potential-business-combination-with-rs-group-1738627), 2023-10-02: "VT5 is contemplating a business combination with R&S Group, a leading provider of electrical infrastructure components in Switzerland and international markets."
- [eqs-news.com](https://www.eqs-news.com/news/ad-hoc/vt5-publishes-prospectus-and-launches-the-process-to-acquire-rs-group/90f7e81a-88a9-4e94-b28a-6188c22249cd), 2023-11-08: "R&S Group meets or exceeds all investment principles of VT5, namely being a premium provider of mission critical components in the DACH region."

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