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Aalberts buys Premier Thermal Solutions

About the company:

Aalberts made a good start to the year. In the first four months it realized an organic revenue growth of 15% compared to last year. The order book at the end of April is 30% higher than last year.

The activities in their ecological building market ended very well in all regions. Several growth drivers contribute to this good performance. First, the recovery of the market and the recovery of distribution channels after the impact of COVID-19 last year. Second, end users invest more in home renovation and modernization. Third, their innovations, launched in recent years, are an engine for growth, such as the expansion of their connection technology, valves, and hydron flow control solutions combined with digital services. This is being accelerated by government support programs that stimulate building efficiency and the transition to sustainable heating and cooling systems.

The semiconductors market achieved strong growth and results in the first four months of the year. Long-term growth drivers are a strong demand for microchips for computer logic and storage, the development of e-mobility, investment in new factories and the introduction of 5G. Based on these growth drivers, the existing order book and key account discussions, strong growth is expected for this and the coming years. The company is in the process of preparing additional extensions in all locations. In parallel, they are recruiting additional engineers to facilitate requests for many new collaborative developments.

Transport market activities show strong recovery from increased customer demand, supply chain recharge and new technological developments in vehicle electrification, such as new and higher specifications for lightweight surface technologies in combination with precision manufactured parts. Aalberts’ solutions for sustainable fluid control for passenger car air conditioning systems have shown strong growth. There is a slight recovery in order acceptance in the space market.

In the niche market, orders have increased in recent months and are expected to increase further by the second half of the year. The first signs of recovery are visible in beverage dispensers.

The company has no serious problems with the shortage of raw materials. Their business teams manage the local situation with their suppliers.

Purchase :


Aalberts NV reached a final agreement to acquire 100% of the shares of Premier Thermal Solutions LLC (PT), based in Lansing (Michigan, USA). PT operates in nine locations in the industrial Midwest in Michigan, Wisconsin, Indiana and Ohio, generating annual revenues of approximately $ 60 million with 250 FTE.

PT provides surface technologies and related services to achieve metallurgical specifications for its various industrial customers. As a leading supplier of aluminum processing in North America, PT serves light and heavy trucks, electric vehicles, agriculture, defense and space end markets. For steel treatments PT also offers ferritic nitrocarbonization processes. PT invents NitroSteel®, a more durable and sustainable alternative to chrome-plated steel products. This ferritic nitrocarborised steel rod is wear-resistant and corrosion-resistant, providing exceptional durability to the cylinder rods.

PT is active in the Midwestern industrial region of the United States, where Aalberts surface technologies already have major activities in the Northeast and Southeast regions. The specialized technology portfolio complements Aalberts’ surface technologies.

Aalberts’ combination of surface technology with PT’s technology and footprint creates a stronger business on a significantly larger scale, broader surface technology offered to more customers, an expanded geographic footprint and improved growth prospects across the North American market .

PT has promising project development, mainly in electric vehicles, light and heavy trucks, agriculture and end-to-end industrial markets. Critical NADCAP and OEM certifications allow Aalberts’ surface technologies to further penetrate the North American defense and space markets.

PT’s experienced management team, led by Stephen Wyatt, will continue to grow the business, driving many business opportunities.

The results of the PT will be consolidated once all the necessary formalities have been finalized. The acquisition will contribute directly to earnings per share and will be financed by existing credit mechanisms.

The company is in a long-term upward trend, starting from the peak of the covid crisis.

In the chart above, I’ve covered the whole trend, and in the next chart, I’ve zoomed in on the bars to see exactly what I’m tracking for entry:

The company is currently implementing a corrective upward flag. The price is not yet attractive enough for purchases, but it is close to the buy zone.

Entry criteria:

  1. Fibonacci support 0.786. ✔
  2. 200 periodic MA above the price. Bul
  3. Bullish price action. ❌
  4. Validate the internal trend line. ❌

Only if all trade criteria are met, the idea is valid.

If there is a break in the uptrend line, this will invalidate the trade.

0

 Junior Trader Nikolay Yordanov

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