Kimball Electronics closes $103 million purchase of Helvoet, a medical CDMO, on July 1
Kimball Electronics completed its acquisition of Helvoet Polymer Technologies, a European contract development and manufacturing firm with operations in India, on July 1, 2026. The purchase price was €90 million, or about $103 million, funded with cash and existing credit lines. The company expects the deal to be accretive to fiscal 2027 adjusted earnings and to increase sales in its medical vertical by a low double-digit percentage.
Key points
- Purchase price of €90 million (about $103 million), subject to post-closing working capital adjustments; €1.8 million held in escrow
- Helvoet calendar 2025 revenue of approximately $56 million, with over 70% from medical customers
- Price represents about 9x estimated Helvoet adjusted EBITDA for calendar 2026
- Management webcast scheduled for Wednesday, July 1, 2026, at 9:00 AM ET
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.