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Henkel to acquire thermal-management solutions specialist Bergquist
2014-11-20

Press Release

September 18, 2014


Henkel to acquire thermal-management solutions specialist Bergquist

 

 

Henkel Adhesive Technologies strengthens portfolio of high-performance electronics solutions


Strengthen position of Adhesive Technologies as a global leader Gain strong positions in the growing markets for the electronics industry Expand business in key markets: North America, Asia-Pacific and Europe


Düsseldorf – Henkel signed an agreement to acquire The Bergquist Company, a privately-held leading supplier of thermal-management solutions for the electronics industry worldwide. This transaction will provide Henkel Adhesive Technologies with a strong position in thermal-management solutions, in particular for use in automotive, consumer and industrial electronics as well as emerging applications in LED lighting.

 

“With this acquisition – which is in line with our global strategy to invest in

complementary leading technologies – we are strengthening our position as a global market and technology leader,” said Jan-Dirk Auris, Executive Vice President Adhesive Technologies. “Bergquist’s track record in developing unique thermal management solutions fits with our commitment to provide best-in-class customized solutions.” In fiscal 2013, the Adhesive Technologies business unit generated sales of more than 8 billion euros, making Henkel the leading solution provider for adhesives, sealants and functional coatings.

 

The Bergquist product range covers Thermal Interface Materials (TIM) such as Gap Pad® products and liquid gap fillers for electronic systems, Insulated Metal Substrates (IMS®) and others. These high-performance thermal-management solutions are critical components and key enablers for new developments in hybrid and electric cars and industrial electronics such as high-power LEDs where heat dissipation is of utmost importance. Bergquist serves top original equipment and design manufacturers (OEMs/ODMs) in growing industries such as automotive, consumer and industrial electronics, LED lighting and telecommunications.

 

The electronics business of Henkel Adhesive Technologies offers customers from the electronics industry a comprehensive portfolio of innovative high-technology products including adhesives, encapsulants, coatings, conductive printing inks and solder for the packaging of microchips and the assembly of electronics. “Bergquist´s thermal management expertise and its business model based on strong customer partnership in key markets such as Asia-Pacific, North America and Europe perfectly fit with our existing electronics business,” explains Alan Syzdek, Henkel Corporate Senior Vice President, Adhesive Electronics. “With this acquisition, we will unlock new business opportunities and synergies for innovative solutions and enhanced speed to market in high-growth areas such as automotive electronics and lighting.”

 

Both parties agreed not to disclose any financial details about the transaction, which will be accretive to earnings upon closing. The acquisition is subject to approval from anti-trust authorities.

 
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