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Kimball Electronics announced the company acquired Helvoet Polymer Technologies, based in Europe and with operations in India focused on microfluidics, diagnostics and drug delivery. The transaction was valued at a purchase price of EUR 90M, or approximately $103M, representing approximately 9x estimated adjusted EBITDA for Helvoet in calendar 2026. Kimball funded the acquisition through a combination of cash and available borrowing capacity on existing lines of credit. Pro forma leverage following the close remains consistent with the capital allocation priorities of Kimball. Helvoet was founded in 1939 and most recently operated as a wholly-owned subsidiary of Hydratec Industries, with manufacturing facilities in Tilburg, Netherlands, and Pune, India. In calendar 2025, revenue totaled approximately $56M with an EBITDA margin rate in the mid-teens. Over 70% of revenue was from medical customers and the balance derived from other end markets that deliver strong margins and support continued reinvestment in the medical business. Helvoet will continue to be led by its current leadership team, including CEO Hogenkamp, who will remain a driver of the business going forward.

Reports Q3 revenue $352.9M, consensus $356.27M. Commenting on today's announcement, Richard D. Phillips, Chief Executive Officer, stated, "Results for the third quarter were in line with expectations. Sales increased sequentially compared to Q2, driven by strong growth in our medical vertical market, margins remained solid, and cash from operations was positive for the ninth consecutive quarter. We expect Q4 to be a good finish to the year and we are affirming our guidance for fiscal 2026 with adjusted operating margin estimated to be at the high end of the range."

Backs FY26 CapEx view $50M-$60M.