# R&S Group to acquire Kyte Powertech for EUR 250 million

R&S Group Holding AG agreed to acquire 100% of Kyte Powertech Limited, an Ireland-based manufacturer of distribution transformers, for an enterprise value of EUR 250 million. The acquisition will expand R&S Group's geographic footprint in Ireland, the UK and Western Europe.

- Type: Acquisition
- Announced: 2024-08-20
- Where: Cavan, Ireland, Ireland
- Value: $275.0M (250.0M EUR)
- Jobs: 490
- Status: announced
- Capacity: 17,000 transformers annually
- Products: distribution transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [R&S](https://endata.com/companies/15461.md) (acquirer)
- [Kyte Powertech](https://endata.com/companies/42871.md) (target)
- [MML Growth Capital Partners Ireland](https://endata.com/companies/48488.md) (investor)
- [MML Capital Ireland](https://endata.com/companies/79283.md) (investor)

## Sources

- [eqs-news.com](https://www.eqs-news.com/de/news/ad-hoc/rs-group-agrees-to-acquire-kyte-powertech-a-leading-manufacturer-of-distribution-transformer-solutions-to-broaden-geographic-footprint-in-ireland-the-uk-and-western-europe/579dc1ff-0678-4715-aab6-cb7a7fbcaf4d), 2024-08-20: "R&S Group agrees to acquire Kyte Powertech for an enterprise value of EUR 250 million"
- [uk.marketscreener.com](https://uk.marketscreener.com/quote/stock/R-S-GROUP-HOLDING-AG-130615551/news/R-S-Presentation-announcement-acquisition-of-Kyte-Powertech-47688223/), 2024-08-20: "Complementary acquisition that will enhance..."
- [the-rsgroup.com](https://the-rsgroup.com/rs-group-agrees-to-acquire-kyte-powertech/), 2024-08-20: "M&A is a strategic pillar of the R&S Group roadmap."
- [irishtimes.com](https://www.irishtimes.com/business/2024/08/20/zurich-listed-electrical-manufacturer-to-buy-cavan-firm-for-250m/), 2024-08-20: "This acquisition could not have been better timed; it will allow us to build on the momentum we have generated over recent years and enable us to invest in the considerable market opportunities in Europe and beyond."
- [irishexaminer.com](https://www.irishexaminer.com/business/companies/arid-41459509.html), 2024-08-20: "Our addressable market is growing significantly thanks to a surge in electricity usage, transport electrification and data consumption."

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