AQ Group acquires mdexx and Michael Riedel from Lafayette Mittelstand Capital

AQ Group has agreed to acquire mdexx inductive electronics GmbH, mdexx Magnetronic Devices GmbH, mdexx Magnetronic Devices s.r.o., and Michael Riedel, Transformatorenbau GmbH from Lafayette Mittelstand Capital. The enterprise value is approximately 5x EBITDA for fiscal year 2023 on a cash and debt-free basis, with closing expected in Q1 2025.

“The purpose of this acquisition is to extend AQ’s customer base and broaden our technology and market presence in inductive components.”news.cision.com

• 2 sources
• news.cision.comAQ Group acquires mdexx magnetronics unit from Lafayette Mittelstand Capital - AQ GroupDec 20, 2024
• marketscreener.comAQ Group completed mdexx magnetronics acquisitionAcquiremediaJan 31, 2025

Summarized from public sources; check the original articles before acting on it.