Deloitte Corporate Finance Advisory acted as exclusive financial advisor to the shareholders of iQmine GmbH in the sale of 100% of the shares to Arrow Electronics, Inc.
Deloitte Corporate Finance Advisory (“DCF”) acted as the exclusive financial advisor to the shareholders of iQmine GmbH (“iQmine”) in the sale of 100% of the shares to the US-based global provider of technology solutions Arrow Electronics, Inc. (“Arrow”). iQmine is a top tier systems engineering specialist for embedded software development and automotive electronics serving blue-chip automotive clients.
This transaction marks the third successful DCF deal in the engineering services space within the last 18 months, demonstrating Deloitte’s unique capabilities and market knowledge in this sector.
About the transaction
The German Deloitte Corporate Finance Advisory team led by Michael Caspers together with Tim Kamper (Associate) and Benedict Zachmann (Analyst), successfully advised the shareholders of iQmine GmbH on the sale of their shares to the listed U.S. company Arrow Electronics, Inc..
Founded 2015 in Munich, iQmine has established itself as a top tier German systems engineering specialist for embedded software development and automotive electronics. The company delivers a wide range of systems engineering services, leveraging deep industry expertise to address complex challenges in automotive software and electronics. iQmine’s core competencies include classic and adaptive AUTOSAR integration, Linux-based real-time systems, vehicle architecture design and diagnostics, and the development of safety and security features for automated driving, connectivity, cloud integration, electrification, and related vehicle diagnostics.
Deloitte Corporate Finance Advisory delivered customized M&A lead advisory, first-class deal execution with impressive speed, efficiency, security, and valuation, while showcasing deep engineering services industry expertise and ensuring a seamless international M&A process.
The founders and CEOs of iQmine noted that since the incorporation in 2015, iQmine has delivered high-quality services addressing complex automotive software challenges, establishing itself as a preferred partner for its customers. Arrow is well-suited to support iQmine’s growth due to its deep understanding of the digital engineering services industry, client needs, and proven track record of transforming local champions into market leaders.
About the client – iQmine
iQmine GmbH, founded in 2015, is a trusted systems engineering specialist for embedded software development and automotive electronics. With offices in Munich and Istanbul, the company excels classic & adaptive AUTOSAR integration, Linux-based real time systems, vehicle architecture concepts & diagnostics and the definition and implementation of safety-&security-relevant functions. iQmine maintains trusted and long-term relationships with leading blue-chip customers like automotive OEMs and tier 1 suppliers.
About the buyer – Arrow
Arrow Electronics (NYSE:ARW) sources and engineers technology solutions for thousands of leading manufacturers and service providers. With global 2023 sales of $33 billion, Arrow’s portfolio enables technology across major industries and markets.
About Deloitte – Corporate Finance Advisory
As leading independent M&A advisors, we provide M&A deal advisory to shareholders of large-to mid-market corporations as well as to private equity firms globally. We offer financial advice and insight at every stage of a transaction – from consideration of strategic options to transaction execution and successful Signing & Closing, be it an acquisition or divestment. We pride ourselves for our independent advice to our clients.