Clearwater International advises Azbil Corporation on acquisition of Telstar
Clearwater International acted as financial adviser to Azbil Corporation on its acquisition of Telstar S.A from the Capella Family.
The listed Azbil Corporation, with its headquarters in Japan, generates revenues of over €2bn with 9,500 employees. The company is active in the three core business segments: Building Automation, Advanced Automation, and Life Automation, and has a strong focus on its domestic market. In order to strengthen its European footprint in the Life Automation business the company has agreed to acquire Telstar, S.A. (Spain).
Telstar was founded in 1963 by Ramon Capella and generates revenues of over €110m, with approximately 1,000 employees. The company designs, manufactures and sells freeze drying, sterilisation, water treatment and purification systems to pharmaceutical companies, laboratories and hospitals. Telstar operates 5 production plants, 9 technical centres, and 15 sales offices in 17 countries in Western Europe, as well as in Latin and North America.
Telstar will become an integral part of the newly launched Life Science Engineering business of Azbil's life Automation division, and will change its name to Azbil Telstar S.A.