A member of i-DealNet, led by Fred Rossetti, acted as exclusive financial advisor to Hansen Corporation, a leading manufacturer of a variety of DC Motors, Synchronous Motors, and Clock Movements on the sale of all of its issued and outstanding capital stock to ElectroCraft, Inc., the fractional horsepower motor and motion solutions provider.
The acquisition of Hansen Corporation combined with the substantial ElectroCraft product lines and motion solutions portfolio presents comprehensive fractional and sub-fractional solutions to the motion control markets. The advantages of the acquisition and merger between the Hansen and ElectroCraft groups are many. The combined sales and application engineering teams have a complete product offering that encourages a perfect paring of product solutions with customer needs.
The benefit of the acquisition goes beyond the complementary products and services. ElectroCraft welcomes the Hansen Engineering teams to its substantial worldwide design group. Both groups are known for custom and configured solutions in their respective markets and the combined team will bring further innovation. The design teams are also supported by the venerable global manufacturing groups of both companies. By providing design engineers immediate access to these manufacturing groups, ElectroCraft and Hansen enable a process of continuous improvement for research, design and manufacturing.
I-DealNet acted as lead banker for execution on this transaction and complemented the management teams from both Hansen and ElectroCraft for their hard work and dedication to getting this transaction completed.