February 23, 2010

Equita sells PMA to Thomas & Betts

Equita GmbH & Co. Holding KGaA announced today the sale of PMA Group, a leading European manufacturer of technologically advanced cable protection systems, to Thomas & Betts for EUR 85 million. The acquisition is expected to close within 60 days. PMA reported sales of approximately EUR 33 million in 2009.

“PMA has a reputation for high-quality, innovative products and is an excellent fit with Thomas & Betts’ existing portfolio of leading industrial products,” said Ernst Schwarz, CEO of PMA Group. Dominic J. Pileggi, President and CEO of Thomas & Betts: „PMA’s strong relationships with leading global industrial original equipment manufacturers and industrial distributors throughout Europe, the Middle East and Asia will extend our access to several key — and growing — industrial markets. Likewise, Thomas & Betts’ leadership position in North America offers an opportunity to grow PMA’s presence in these markets.”

PMA (www.pma.ch) manufactures high-quality polyamide resin-based flexible conduit and fittings used in a broad variety of industrial applications to protect energy and data cables from external forces such as vibration, heat, fire, cold and tensile stress. PMA is a leader in providing cable protection systems for the rail car manufacturing and machine building industries and has a growing presence in mining and infrastructure projects. Based in Uster near Zurich, Switzerland, PMA products conform to worldwide standards and regulations and are sold in more than 45 countries in Europe, Asia, the Middle East and North America.

Thomas & Betts Corporation (www.tnb.com) is a leading designer and manufacturer of electrical components used in industrial, commercial and utility markets. The company is also a leading producer of commercial heating and ventilation units and highly engineered steel structures used for utility transmission. Headquartered in Memphis, Tennessee, USA, the company has manufacturing, distribution and office facilities worldwide.

Headquartered in Bad Homburg, Germany, Equita (www.equita.de) is an independent private equity company with no affiliations to banks. It invests through its managed investment companies in midsized enterprises in the German-speaking countries. EQUITA, which evolved from the entrepreneurial tradition of the Harald Quandt family, invests primarily in majority stakes in companies offering significant potential for growth and gains in value. Current investments are being made by the holding company Equita GmbH & Co. Holding KGaA, which was closed in the spring of 2007 at a volume of EUR 315 million. As an investment holding it has an indefinite term, thus permitting acquisitions with a longer-term investment horizon. EQUITA currently manages three investment companies with more than EUR 600 million in equity funding at their disposal. Since 1992 these funds have invested in 24 companies and disposed of 17 those investments.

For further information:

Equita Management GmbH

Dr. Michael Hönig
Telephone: +49-6172 9441-0
michael.hoenig@equita.de

Dr. Hansjörg Schnabel
Telephone: +49-6172 9441-0
hansjoerg.schnabel@equita.de