Proventis Partners has successfully advised LEONI on the sale of Adaptricity to Secure Meters as part of a share deal

Proventis Partners has successfully advised LEONI on the sale of Adaptricity to Secure Meters as part of a share deal.

Munich, November 10, 2021 – LEONI AG, Nurnberg, a global provider of products and solutions in energy and data management for the automotive industry and other sectors, has decided to divest its majority stake in Adaptricity as part of pursuing its strategic focus on the wiring systems business. Adaptricity is a Swiss provider of an innovative cloud-based grid analytics platform and of premium smart grid solutions. The sales process was supported by Proventis Partners as M&A advisor and completed with the sale of 100% of the shares in Adaptricity. The buyer is the internationally operating Secure Meters Ltd., headquartered in Udaipur, Rajasthan, India. The buyer was identified through Proventis Partners’ Mergers Alliance network and was advised by Singhi Advisors (India)”. Adaptricity’s modular and cloud-based solution platform represents an ideal strategic addition for Secure Meters to its own product portfolio for distribution network operators. The acquirer plans to invest in the further expansion of the technology and to integrate Adaptricity’s products into its international sales activities. Adaptricity will operate as a 100% subsidiary of the Secure Meters Group.

Gerd Schuster, Head of Strategy and M&A at LEONI AG, commented: “Proventis supported us throughout the entire M&A process and was particularly convincing with their industry knowledge in the energy sector and with the Mergers Alliance network. Together we were able to complete the sales process quickly and successfully.”

The role of Proventis Partners

Proventis Partners acted as exclusive M&A advisor to LEONI and supported the client throughout the entire sales transaction. The services provided included the preparation of marketing materials, transaction documents, the approach of potential investors including management presentations, execution of a structured sales process as well as the support in the due diligence and negotiation of the transaction. Proventis Partners collaborated on this transaction with Singhi Advisors, its Indian strategic partner from Mergers Alliance. Proventis Partners transaction team: Pierre Schneider (Partner, Munich), Florian Liepert (Director, Munich) and Petr Maxmilian Hajkr (Senior Associate, Munich).

About LEONI AG

LEONI AG, Nurnberg, is a global provider of products and solutions for energy and data management in the automotive sector and other industries. LEONI’s largest customer group comprises the global car, commercial vehicle and component supply industry, for which the company develops and makes both standard and special cables as well as custom-developed wiring systems and related components. Further information at https://www.leoni.com/

About Secure Meters Ltd.

Secure Meters Ltd. is an Indian multi-national and a privately owned business with operations in India, UK, Australia, Sweden, Italy and the Middle East. Secure meters is a solutions provider for revenue management, power quality and energy efficiency and its solutions are available in more than 50 countries. Secure Meters researches, manufactures, and deploys products for measuring and monitoring energy usage and has installed over 45 million meters globally. Further information at https://www.securemeters.com/

About Adaptricity AG

Since its founding in 2014 as a spin-off company of ETH Zurich, Adaptricity has been firmly established as a driver of SmartGrid innovations in the DACH region. The purpose of the company is, among other things, the development, sale and licensing of software products for the simulation, optimization, planning and monitoring of power distribution grids as well as providing consulting services in the area of power grid operators. Its innovative grid analytics tools combine traditional grid planning practices with data-driven algorithms to ensure all measurement data available in the power grid (such as smart meter data) is used to the full potential. Further information at https://www.adaptricity.com/en/

About Proventis Partners

Proventis Partners is a partner-managed M&A advisory firm whose clients include a majority of medium-sized family-owned companies, group subsidiaries as well as private equity funds. With more than 30 M&A advisors, Proventis Partners is one of the largest independent M&A advisors in the German-speaking region and looks back on 20 years of M&A experience and more than 300 completed transactions. The M&A consultants with offices in Dusseldorf, Hamburg, Munich and Zurich are active in the sectors Industrials & Chemicals, Business Services, Consumer & Retail, TMT, Healthcare and Energy & Sustainability. The exclusive membership in Mergers Alliance – an international partnership of leading M&A specialists – enables Proventis Partners to support clients in 30 countries in the most important markets worldwide. The members of Mergers Alliance, with over 200 M&A professionals, provide Proventis Partners and thus its clients with unique access to local markets in Europe, North America, Latin America, Asia and Africa.