Düsseldorf – Henkel signed an agreement to acquire The Bergquist Company, a privately-held leading supplier of thermal-management solutions for the electronics industry worldwide. This transaction will provide Henkel Adhesive Technologies with a strong position in thermal-management solutions, in particular for use in automotive, consumer and industrial electronics as well as emerging applications in LED lighting.
“With this acquisition – which is in line with our global strategy to invest in complementary leading technologies – we are strengthening our position as a global market and technology leader,” said Jan-Dirk Auris, Executive Vice President Adhesive Technologies. “Bergquist’s track record in developing unique thermal management solutions fits with our commitment to provide best-in-class customized solutions.” In fiscal 2013, the Adhesive Technologies business unit generated sales of more than 8 billion euros, making Henkel the leading solution provider for adhesives, sealants and functional coatings.
The Bergquist product range covers Thermal Interface Materials (TIM) such as Gap Pad® products and liquid gap fillers for electronic systems, Insulated Metal Substrates (IMS®) and others. These high-performance thermal-management solutions are critical components and key enablers for new developments in hybrid and electric cars and industrial electronics such as high-power LEDs where heat
dissipation is of utmost importance. Bergquist serves top original equipment and design manufacturers (OEMs/ODMs) in growing industries such as automotive, consumer and industrial electronics, LED lighting and telecommunications.
The electronics business of Henkel Adhesive Technologies offers customers from the electronics industry a comprehensive portfolio of innovative high-technology products including adhesives, encapsulants, coatings, conductive printing inks and solder for the packaging of microchips and the assembly of electronics. “Bergquist´s thermal management expertise and its business model based on strong customer partnership in key markets such as Asia-Pacific, North America and Europe perfectly fit with our existing electronics business,” explains Alan Syzdek, Henkel Corporate Senior Vice President, Adhesive Electronics. “With this acquisition, we will unlock new business opportunities and synergies for innovative solutions and enhanced speed to market in high-growth areas such as automotive electronics and lighting.”
Both parties agreed not to disclose any financial details about the transaction, which will be accretive to earnings upon closing. The acquisition is subject to approval from anti-trust authorities.
Henkel operates worldwide with leading brands and technologies in three business areas: Laundry & Home Care, Beauty Care and Adhesive Technologies. Founded in 1876, Henkel holds globally leading market positions both in the consumer and industrial businesses with well-known brands such as Persil, Schwarzkopf and Loctite. Henkel employs about 47,000 people and reported sales of 16.4 billion euros and adjusted operating profit of 2.5 billion euros in fiscal 2013. Henkel’s preferred shares are listed in the German stock index DAX.