DDA & Company advises Steliau Technology SpA on the acquisition of the Italian company ADELSY

Paris, October 30th, 2024,

Steliau Technology, leading Pan European Electronic Solution Provider, significantly broadens its Italian operations once again with the acquisition of the company ADELSY Advance Electronic System based in Bologna.

This acquisition adds an important strategic pillar and is fully consistent with Steliau Technology’s strategic plan to expand throughout Europe. With the acquisition of ADELSY, Steliau, which closed 2023 with nearly €200m in sales, adds an additional €11m in revenue.

The rationale for the acquisition stands in the strong Value-Added product range complementarity solutions: ADELSY is a leading player in Display & HMI, Embedded systems, Industrial computers and Power supplies. This investment in local expertise and know-how confirms Steliau’s ambition to stand out from global approaches by promoting responsiveness and agility.

ADELSY is set to remain independent for the coming months, nevertheless, the Group intends to boost synergies within all its subsidies, both at the Italian and Group levels. These include the recent acquisition of Steliau Technology Italy (formerly Special Ind and Interdipros) and Welt, acquired in May this year.

“We are excited about where we are going within the new Steliau family, and we are so grateful to be on this journey together” commented Marco Vannetti, Giuseppe Pirrò and Vincenzo Sabbioni – Executive Directors of ADELSY.

Massimo Loche, CEO of Steliau Italy: “We are proud to announce that ADELSY Advance Electronic System has joined Steliau Technology Italy. Today is a historic day and the start of something special that will transform the Electronic Industry for years to come.”

Pascal Reynoud, CEO of Steliau Group, added: “As two companies with over 40 years of history in the electronic component and ad-hoc solution provider sectors, we are excited to be working together to create a powerful platform for growth, bringing increased benefits and even greater value to our customers, suppliers, and employees.”

The DDA & Company team, comprising Alain Sitbon, Axel Marti-Flich, and Florian Charrière, advised the Steliau Group on this acquisition.

About Steliau Technology

Founded in the 1990s, STELIAU Technology Group is a value-added distributor and supplier of electronic solutions in the European electronics market, specializing mainly in the following activities: Human-Machine Interfaces, Display, Connectivity (IoT, M2M, Positioning), Mechatronics, Embedded Systems, OEM/ODM, Heat dissipation solutions, Energy conversion, etc.

The Group boasts an established reputation in its market and long-standing relationships with its customers. Its suppliers/partners are global players, often leaders in their market segments, all offering top-quality products that combine durability and performance. Its experienced sales teams enable the Group to be assimilated into the sales force of the manufacturers it represents in Europe. STELIAU Technology Group combines its territorial expansion in Europe with its commitment to local service, personalized support, and regional integration sites.

With +350 suppliers represented, STELIAU Technology offers a wide range of products and specific solutions to more than +2,000 customers in various industries such as Industrial applications, Consumer & Home Appliances, E-Mobility & Green Energy, Automotive, Space / Aero, Medical, Transport, etc.

Since 2016, the Group has embarked on an external growth strategy and made several significant acquisitions in Europe, enabling it to become one of the leaders in integrated electronic solutions.

About Adelsy

Founded in 1972, ADELSY is a distributor of electronic components and electronic systems.

ADELSY integrates electronic components into embedded systems, providing industrial customers with a finished or semi-finished product with added value.

The company is based in Bologna (Italy) and employs c.20 employees.