Displaying items by tag: Carlyle Group

Germany: Flender says it has resumed trading as an ‘independent’ company following the completion of its sale by Siemens to Carlyle Group for Euro2.04bn. The mechanical and electrical drive system supplier said that its existing contract remained unchanged, adding, “With our skilled employees, excellent range of products, and a growth-oriented new owner, we are in an ideal position to act even more effectively.”

The ownership change coincides with the launch of Flender’s new Jaegger Direct supplier portal. The portal succeeds SCM Star, the tool used by Simens, in handling requests for quotation, tender management and company profile data. The company asked customers to register with Jaggaer Direct to confirm the transfer of their data from SCM Star. It said that it will dispatch email invitations and login links in the coming days.

France: The Carlyle Group has started talks with HGH Infrared Systems to acquire a majority stake in the specialist provider of infrared technology products. The proposed acquisition will be subject to customary employee consultations and regulatory approvals. The deal is expected to be completed by the end of 2018. No value for the deal has been disclosed.

“This potential partnership with Carlyle is excellent news for our customers. It will also help HGH to move to the next level and to build on our strong international growth trajectory,” said Thierry Campos, chief executive officer of HGH Infrared Systems. He added that Carlyle’s international reach and its experience in aerospace and defence, oil and gas and energy markets would further help to develop the company.

HGH was founded in 1982. It develops and sells optoelectronic and infrared systems and software for surveillance applications, test and measurement and industrial thermography in different end-markets. The company operates two research and development and assembly sites in the Optics Valley near Paris, France and in California, US. The company provides solutions to clients across 40 countries through two recognised brands HGH Infrared Systems and Electro Optical Industries (EOI).