Hirschmann sold

News-in-print

Germany-based Hirschmann Automation and Control GmbH, part of the Hirschmann Group, has been sold by HgCapital to Belden, a leading manufacturer of signal transmission solutions. The €245M transaction is expected to close in mid-March. Private equity investor HgCapital acquired Hirschmann Group in February 2004 for €115M as part of a management buy-out.

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