# 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.

- Type: Acquisition
- Announced: 2024-12-20
- Status: announced
- Products: inductive components, reactors, transformers, filters
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [AQ Group](https://endata.com/companies/31782.md)
- [AQ Group](https://endata.com/companies/31782.md) (acquirer)
- [Lafayette Mittelstand Capital](https://endata.com/companies/81950.md) (partner)
- [mdexx inductive electronics GmbH](https://endata.com/companies/81951.md) (target)
- [mdexx Magnetronic Devices GmbH](https://endata.com/companies/81952.md) (target)
- [mdexx Magnetronic Devices s.r.o.](https://endata.com/companies/81953.md) (target)
- [Michael Riedel, Transformatorenbau GmbH](https://endata.com/companies/81954.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/aq-group/r/aq-group-acquires-mdexx-magnetronics-unit-from-lafayette-mittelstand-capital,c4080258), 2024-12-20: "The purpose of this acquisition is to extend AQ’s customer base and broaden our technology and market presence in inductive components."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/AQ-GROUP-AB-33339211/news/AQ-Group-completed-mdexx-magnetronics-acquisition-48927816/), 2025-01-31: "AQ Group AB has after governmental approvals today completed the acquisition of mdexx magnetronics units."

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