Monday, June 4, 2012
The Gores Group Buys Touchscreen Interface Company
Los Angeles-based The Gores Group, the private equity investment firm, reported this morning that it has completed its acquisition of the Elo Touch Solutions business of TE Connectivity. The deal was worth $380M in cash. Elo Touch was based in Menlo Park, California. Gores said that Elo Touch Solutions had sales of $413M in fiscal 2011. Gores had originally announced the buy in April.