Electrolytic capacitors maker Alcon acquired by France's Exxelia for $100-M

Paris, France headquartered Exxelia has acquired a majority stake in Nashik-based Alcon Electronics for close to USD 100 million. Exxelia aims to benefit from the unique engineering capabilities of Alcon centred around testing & instrumentation equipment, leveraging it extensively within the group. KPMG India acted as the exclusive financial advisor to the shareholders of Alcon Electronics, and Lincoln International acted as the exclusive financial advisor to Exxelia. Pioneer Legal, India acted as the legal advisors to Alcon Electronics, and BTG Legal, India acted as the legal advisors to Exxelia. Alcon is a designer and manufacturer of catalogue and custom-designed film and aluminium electrolytic capacitors, specifically serving the renewable energy, induction heating equipment, medical imaging, power generation, and railways end markets.