Clearwater International acted as sole financial adviser to SEIDEL Holding GmbH on the sale of 100% of the share capital of SEIDEL Electronics Group to SVI Public Company Limited.
SEIDEL Electronics Group is a leading international manufacturer and outsourcing partner for custom-made electronic and mechatronic solutions. As an integrated system service provider the group offers full range services from prototyping to series production for small and medium series with high complexity. With 700 employees the company generates revenues of €90m at its locations in Austria, Hungary, Slovakia and Slovenia.
SVI Public Company Limited, headquartered in Thailand, is a provider of turnkey box-build assembly and electronic manufacturing services for original equipment manufacturers and design houses. The stock-listed company operates in Thailand, Hong Kong, Cambodia, Scandinavia and the United States. In 2014 SVI Public Company Limited generated revenues of $257m with 2,400 employees.
The transaction represents a clear win-win situation for SEIDEL and SVI. While the integration of SEIDEL in the global SVI group offers attractive international growth opportunities, it allows SVI to expand its manufacturing footprint to Europe, where the group is already generating more than 80% of its revenues.
Clearwater International, led by partner Markus Otto, advised SEIDEL Holding.