DZ BANK AG advises shareholders of CONEC Group on sale to US investor.

In the summer of 2019, Amphenol Corporation acquired 100 percent of the shares in the connector specialist. The DZ BANK M&A team advised in a competitive, international bidding process and thus created a succession solution for the owner of the medium-sized group CONEC.

Amphenol is one of the world's leading manufacturers of electronic connectors, cable and sensor solutions for various industrial applications. The listed US corporation (NYSE:APH) employs more than 70,000 people worldwide. With this transaction, the company is primarily expanding its expertise and product range in circular connectors and is also strengthening its operational presence in the European Economic Area.

"DZ BANK's knowledge of the market and understanding of buyer dynamics, as well as the consideration and implementation of my personal goals were essential for the success of the transaction," Raimund Carl continued. At the new partner's side, CONEC will consolidate its market position as a high-tech supplier and continue the internationalization of its business. "While maintaining the individual structure that has grown over the years, a viable solution was found for the company, its employees, suppliers and customers to strengthen its market position," the founder expressed his satisfaction.