XP Power said it had bought the German firms FuG Elektronik and Guth High Voltage from Dr Simon Consulting for €39m in cash (£32.8m).
The deal was funded using existing debt facilities and is subject to customary post-completion working capital adjustments, XP power, which develops and makes power solutions for the electronics industry, said on Monday.
FuG and Guth have around 150 employees based in two sites near Stuttgart and Munich. The two companies FuG and Guth anticipate revenue of €18m and adjusted core earnings of €4.5m for the year ended to December 31, 2021
XP Power said the acquisition was expected to be earnings and margin enhancing in 2022.
