Kimball Electronics, Inc. acquired Helvoet Polymer Technologies B.V., a Netherlands-based contract development and manufacturing organization serving medical customers, the company announced in a Form 8-K filed with the SEC on July 1, 2026. [1] The purchase price was EUR 90 million, approximately $103 million, excluding working capital and other customary adjustments, representing about 9 times Helvoet's estimated adjusted EBITDA for calendar 2026. [1]
Helvoet operates manufacturing facilities in Tilburg, Netherlands, and Pune, India, focused on highly automated micro-molding and precision injection molding for microfluidics, diagnostics, and drug delivery. [1] In calendar 2025, Helvoet revenue totaled approximately $56 million with an EBITDA margin rate in the mid-teens, and over 70 percent of revenue came from medical customers. [1] The company previously operated as a wholly-owned subsidiary of Hydratec Industries N.V. [1]
Kimball stated that the acquisition establishes a global medical CMO platform by expanding its manufacturing footprint in Europe while adding production facilities in India, and that its manufacturing facility in Indianapolis positions the combined business to capture near-term US demand from existing Helvoet customers. [1] The transaction is expected to be accretive to fiscal 2027 adjusted earnings. [1] Kimball Electronics is a contract electronics manufacturer headquartered in Jasper, Indiana. [1] The filing is a Form 8-K, accession number 0001606757-26-000028, exhibit 99.1. [1] Yahoo Finance reported the acquisition on July 1, 2026. [2]