M&A
confidence high
sentiment positive
materiality 0.75
Kimball Electronics acquires Helvoet for €90M (~$103M); establishes global medical CDMO platform
Kimball Electronics, Inc.
- Purchase price €90M (~$103M); funded with cash and existing credit lines; closed July 1, 2026.
- Helvoet is a medical CDMO specializing in micro-molding, microfluidics, diagnostics, drug delivery; 2025 revenue ~$56M, EBITDA margin mid-teens.
- Transaction valued at ~9x estimated 2026 adjusted EBITDA; expected to be accretive to fiscal 2027 adjusted earnings.
- Helvoet CEO Eveline Hogenkamp to remain; operations in Netherlands and India; complements Kimball's Indianapolis facility.
- Acquisition establishes global medical CMO platform; expands European and India footprint; blue-chip customer base.