London, 20 October, 2016 – Baird Capital, the direct private investment arm of Baird, announced today that it has sold the Air Quality Sensor (AQS) division of its portfolio company SGX Sensortech to US-based Amphenol Corporation.
Headquartered in High Wycombe, UK, AQS develops, manufactures and supplies advanced gas sensing products for automotive, industrial and indoor air quality applications. The company's product portfolio includes MEMS, infra-red and pellistor based technologies. From its manufacturing facilities in Switzerland and Poland, the company serves a global customer base of blue chip OEMs and tier 1 suppliers across its core markets.
The businesses now comprising SGX Sensortech were acquired by Baird Capital from e2v technologies plc in May 2012. The X-Ray Detector Division of SGX Sensortech will remain under Baird's ownership, trading as Rayspec Limited.
Dennis Hall, Partner & Co-Head Global Portfolio Operations for Baird Capital, commented: "We are very pleased to have supported SGX Sensortech's development into an international technology-led business. During our ownership the business made significant investment in both new product development and a new manufacturing facility in Poland which now provides SGX with the capacity for significant further growth."
David Norman, Executive Chairman of SGX Sensortech commented "SGX Sensortech is renowned as an innovative company with world-class sensing products delivering high performance."
Baird Capital and SGX Sensortech were advised by DC Advisory and Eversheds.
About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Having invested in more than 295 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through a proactive portfolio operations team and a deep network of relationships that are designed to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. Baird Capital Partners Europe is authorized and regulated by the Financial Conduct Authority. For more information, please visit BairdCapital.com.