Kimball Electronics entered into a Share Purchase Agreement to acquire Helvoet Polymer Technologies and Helvoet Rubber & Plastics Technologies (India) for approximately €90 million (about $103 million). Signed on June 26, 2026 and closed July 1, 2026, the all-cash deal is subject to post-closing working capital adjustments, with €1.8 million placed in escrow. The acquisition was funded with a combination of cash and existing credit lines. Management expects the transaction to strengthen Kimball Electronics' capabilities and global footprint.
Agreement details:
- Agreement type: Share Purchase Agreement to acquire Helvoet Polymer Technologies and Helvoet Rubber & Plastics Technologies (India)
- Counterparty: Hydratec Industries
- Signed / Effective: Jun 26 2026 / Jul 01 2026
- Duration / Termination: N/A
- Reason: Expand polymer and rubber manufacturing footprint
Original SEC Filing:
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