Acquisition History / NOTE AB / Kasdon Group
NOTE AB Acquires Kasdon Group
Announced October 2025 — $46.0M
What happened
Kasdon Group is an electronics contract manufacturer in Willenhall with a strong position in defence. It employs about 50 people and had revenue of just over £12M in 2024/25. Swedish-listed NOTE agreed to buy it to strengthen its UK footprint and enter the defence sector; completion was subject to NSI Act approval and expected in mid-October 2025.
- Acquirer
- NOTE AB
- Target
- Kasdon Group
- Announced
- October 2025
- Price
- $46.0M
- Industry
- Electronics contract manufacturing (defence)
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did NOTE AB acquire Kasdon Group?
NOTE AB acquired Kasdon Group on October 2025. This was NOTE AB's 1st publicly tracked acquisition out of 1 we have on record.
How much did NOTE AB pay for Kasdon Group?
NOTE AB paid $46.0M for Kasdon Group.
What does Kasdon Group do?
Kasdon Group is an electronics contract manufacturer in Willenhall with a strong position in defence. It employs about 50 people and had revenue of just over £12M in 2024/25. Swedish-listed NOTE agreed to buy it to strengthen its UK footprint and enter the defence sector; completion was subject to NSI Act approval and expected in mid-October 2025.
What other Electronics contract manufacturing (defence) companies has NOTE AB acquired?
Kasdon Group is NOTE AB's only publicly tracked acquisition in Electronics contract manufacturing (defence) so far.