Paris, March 18th, 2022,
DDA & Company advises Steliau Technology shareholders on an external growth operation with the acquisition of Media Microcomputer.
Several months after the acquisition of Special-Ind (completed in March 2021), Steliau Technology keeps on consolidating the European market of electronic solution value-added supply and announces another move with the integration of the Spanish company Media Microcomputer.
Steliau Technology was already active in Spain through Special-Ind. However, this non-intermediated transaction will help the Group speed up its business in this country with sales expected to reach € 8 million for the current Fiscal Year and € 10 million in 2023. The Group’s ambition is to be one of the top-3 independent distributors in Spain by 2025.
Media Microcomputer employs around 15 people located in Madrid and Barcelona. The company offers 5 main product families breaking down as follows: Industrial hardware (ex.: embedded systems, CPU cards), Communication (ex.: wireless communication modules), Semiconductors (ex.: power supplies), Display (ex. touch screens), Connected devices (ex. technologies improving energy efficiency). Its client base comprises companies active in the following sectors: Digital Signage, Transportation, Energy, Industry, Healthcare, Touchscreen Gaming and Smart city.
Mario Manzanero, CEO of Media Microcomputer, will remain fully operational. Benefiting from positive market trends, the Group aims to continue on its strong growth track both in France and abroad and should achieve consolidated sales of €115M in 2022 vs. €39M in 2019.
“We very much value Media Microcomputer expertise and know-how in the field of Embedded systems.” explained Pascal Reynoud, CEO of Steliau International. He added “Media Microcomputer customers will benefit from our integration capacities as well as our know-how in the areas of Display & Touch Panel, Connectivity, Thermal solutions and Mechanics.”
Mario Manzanero, CEO and shareholder of Media Microcomputer said: “I am delighted to join a Group such as Steliau Technology. I am confident about the future development of the company which will benefit from the support of a strong independent player already active in Spain. We share a common vision on how to address its clients’ needs, through the design of value-added and tailored solutions for its customers.”
DDA & Company advised Steliau Technology in this transaction with a team consisting of Alain Sitbon, Axel Marti-Flich and Florian Charrière.
Stakeholders in this Transaction
- Steliau International: Management (Stéphane Jouannaud, Pascal Reynoud, Caroline Mialin), B & Capital (Bertrand Tissot, Mikaël Schaller, Charles Gaudry)
- M&A Advisors: DDA & Company (Alain Sitbon, Axel Marti-Flich, Florian Charrière)
- Financial Due Diligence: ILV Silver (Jeff Singer)
- Tax, legal, labor due diligence: ILV Silver (Jeff Singer)
- Legal Counsel: ILV Silver (Luis Izquierdo, Eulalia Roca Grau)
- Media MicroComputer : Mario Manzanero, Oriol Manzanero
- Legal Counsel: Escalona & De Fuentes (Miguel Gomez Angulo, Luis San Emeterio)