LEONI AG & Adaptricity AG

10. November 2021

As a result of a strategic refocus on the wiring systems business, LEONI AG sells its majority stake in the Adaptricity network analysis platform to strategic investors from India.

LEONI AG, Nurnberg, a global provider of products and solutions in energy and data management for the automotive industry and other sectors, has decided to divest its majority stake in Adaptricity as part of pursuing its strategic focus on the wiring systems business. Adaptricity is a Swiss provider of an innovative cloud-based grid analytics platform and of premium smart grid solutions. The sales process was supported by atares* as M&A advisor and completed with the sale of 100% of the shares in Adaptricity. The buyer is the internationally operating Secure Meters Ltd., headquartered in Udaipur, Rajasthan, India. The buyer was identified through the Mergers Alliance network and was advised by Singhi Advisors (India). Adaptricity’s modular and cloud-based solution platform represents an ideal strategic addition for Secure Meters to its own product portfolio for distribution network operators. The acquirer plans to invest in the further expansion of the technology and to integrate Adaptricity’s products into its international sales activities. Adaptricity will operate as a 100% subsidiary of the Secure Meters Group.

Gerd Schuster, Head of Strategy and M&A at LEONI AG, commented: “atares supported us throughout the entire M&A process and was particularly convincing with their industry knowledge in the energy sector and with the Mergers Alliance network. Together we were able to complete the sales process quickly and successfully.”

Atares acted as exclusive M&A advisor to LEONI and supported the client throughout the entire sales transaction. The services provided included the preparation of marketing materials, transaction documents, the approach of potential investors including management presentations, execution of a structured sales process as well as the support in the due diligence and negotiation of the transaction. Proventis Partners collaborated on this transaction with Singhi Advisors, its Indian strategic partner from Mergers Alliance. atares transaction team: Pierre Schneider (Partner, Munich), Florian Liepert (Director, Munich) and Petr Maxmilian Hajkr (Senior Associate, Munich).

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LEONI AG, Nurnberg, is a global provider of products and solutions for energy and data management in the automotive sector and other industries. LEONI’s largest customer group comprises the global car, commercial vehicle and component supply industry, for which the company develops and makes both standard and special cables as well as custom-developed wiring systems and related components. Further information at https://www.leoni.com/

About Secure Meters Ltd.

Secure Meters Ltd. is an Indian multi-national and a privately owned business with operations in India, UK, Australia, Sweden, Italy and the Middle East. Secure meters is a solutions provider for revenue management, power quality and energy efficiency and its solutions are available in more than 50 countries. Secure Meters researches, manufactures, and deploys products for measuring and monitoring energy usage and has installed over 45 million meters globally. Further information at https://www.securemeters.com/

About Adaptricity AG

Since its founding in 2014 as a spin-off company of ETH Zurich, Adaptricity has been firmly established as a driver of SmartGrid innovations in the DACH region. The purpose of the company is, among other things, the development, sale and licensing of software products for the simulation, optimization, planning and monitoring of power distribution grids as well as providing consulting services in the area of power grid operators. Its innovative grid analytics tools combine traditional grid planning practices with data-driven algorithms to ensure all measurement data available in the power grid (such as smart meter data) is used to the full potential. Further information at https://www.adaptricity.com/en/

About atares

Atares is the digital M&A boutique for technology-driven midcap companies in Germany and sees itself as a pioneer for the digitalization of the M&A industry. Founded in 2001, atares has advised more than 200 transactions in more than 20 years. The focus is on transaction volumes between EUR 10 and 100 million of mostly owner-managed companies. Since November 2023, the company formerly known as Proventis Partners, Munich, has been operating under the new company name atares GmbH. Atares has long-standing personal contacts with corporate and Private Equity investors and M&A advisors in Europe, North and South America and Asia. Highly specialized expertise for the market, empathy for people and passion make atares a sought-after M&A partner for the tech champions of tomorrow. More than 20 employees at atares in Munich and Düsseldorf manage their projects via the in-house developed digital M&A dealfloor (dealfloor.co) – for value-adding, efficient transactions with the best user experience.


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*At the time of the transaction, atares traded under the name Proventis Partners GmbH Muenchen