1. News
August 3, 2018

M&As this week: Mittoni, Logitech, Swyft

Mittoni Pty Ltd has completed the acquisition of Rectron Electronics Pty Ltd for an undisclosed sum.

Mittoni Pty Ltd has completed the acquisition of Rectron Electronics Pty Ltd for an undisclosed sum.

Mittoni is a computers, computer peripheral equipment and computer software distributor, while Rectron Electronics supplies computers and accessories to other computer shops/retailers.

The transaction involves the acquisition of inventory, customer lists, supplier agreements, branding, as well as other select IP, including website, trademarks and databases.

Both the companies involved in the acquisition are based in Australia.

The acquisition enables Mittoni to increase its client base and fortify vendor relationships.

Logitech has entered an agreement to acquire Blue Microphones for $117m.

Founded in 1981, Logitech is a designer of personal peripherals for PC navigation, gaming, Internet communications, digital music and home-entertainment control, while Blue Microphones is engaged in the production of studio-quality microphones.

The acquisition enables Logitech to enter the growing market of microphone products.

Swyft has completed the acquisition of Utique for an undisclosed sum.

“The transaction enables Swyft to improve its patented inventions portfolio by adding Utique’s ten granted US patents.”

Swyft is a retail automation firm, while Utique is a high-tech automated retail technology company. Both the companies involved in the transaction are based in the US.

The transaction enables Swyft to improve its patented inventions portfolio by adding Utique’s ten granted US patents.

The patents include a mechanical, back-end management system, user experience and lighting.

The acquisition also includes know-how on rules-based retail and the Utique Shop.

Party City Holdco Inc has agreed to acquire a master franchise group comprising 16 franchise stores in Pennsylvania for $18.8m.

Based in the US, Party City Holdco is a producer and supplier of decorative items, including paper and plastic tableware, metallic and latex balloons, as well as Halloween and other costumes, accessories, novelties, gifts and stationery.

The firm operates 814 Party city stores and 134 franchise stores.

The acquisition enables Party City Holdco to increase its retail presence in under-represented markets and provide value to stakeholders.