I-ADVISE ADVISES THE SHAREHOLDERS OF MÜLLER-ELEKTRONIK ON THE SALE TO TRIMBLE
Frankfurt, July 2017: In the sales process of Müller-Elektronik to publicly traded Trimble I-ADVISE acted on behalf of the founding families. The transaction was completed on July 3, 2017 after customary closing conditions, especially antitrust clearance by the cartel authorities, had been satisfied.
Trimble acquires one of the leading companies in agriculture electronics and precision farming with activities in Europe and in North and South America.
Since its foundation in Salzkotten, East Westphalia/Germany in 1977, Müller-Elektronik has been a pioneer and leader in the development of agriculture electronics with ground-breaking innovations, establishing ISOBUS hardware and software solutions for agriculture. Today Müller-Elektronik employs more than 375 people worldwide.
Trimble, headquartered in Sunnyvale, California/USA, is a leading provider of advanced GPS based positioning technologies and systems for a variety of industries and applications. In agriculture, Trimble’s solutions include guidance displays for parallel motion and steering systems, GPS/GNNS systems, flow and application control, operational management software and much more.
„The merger of Trimble and Müller-Elektronik and the combination of both systems is solely possible by establishing a partnership of these two companies creating significant potential in this industry“, Christian Müller, managing director of Müller-Elektronik, points out.
The I-ADVISE team led by Andreas Ewers (Partner, Frankfurt) supported the shareholders of Müller-Elektronik as financial advisor during the entire sales process.
I-ADVISE is an accounting and advisory firm specialised in transaction and valuation services and is member of an international alliance of independent advisory firms.