Duff & Phelps Advised ERIKS on its Acquisition of Industrial Controls
Industrial Controls was acquired by ERIKS on November 1, 2011 and October 28, 2011, respectively. Duff & Phelps served as exclusive financial advisor and provided due diligence services to ERIKS in connection with this transaction.
ERIKS is a leading international industrial service provider offering a wide range of high-quality mechanical engineering components and associated technical and logistics services. ERIKS’ current product range, including the technical and logistics services that form part of it, is divided into five core activities: flow technology; sealing technology; bearing and power transmission, including electromechanical services and condition monitoring; industrial plastics; and tools and maintenance products. ERIKS currently consists of more than 60 companies with branches in 25 countries, serving over 200,000 customers. In 2010, ERIKS generated net sales of €1.1 billion (USD 1.6 billion). ERIKS is a wholly owned subsidiary of SHV Holdings N.V., a privately held family company with net sales in 2010 of €16.0 billion (USD 23.1 billion).
About Industrial Controls
Industrial Controls is the leading distributor of controls, instrumentation, automation and automated Valves in the U.S. Industrial Controls serves over 10,000 blue chip customers with the industry’s premier brands through its national network of 17 branch offices and e-commerce/catalog capabilities.