AC Industrials
Overview
AC Industrials is Ayala Corporation's holding company for its investments in industrial technology. It operates and manages a global portfolio composed of operating units and high technology developmental platforms. The company focuses on global manufacturing, enabling technologies, and automotive distribution and retail, aiming to develop, commercialize, and scale up an integrated portfolio of businesses across the mobility, connectivity, and smart energy sectors. AC Industrials seeks to be present across the value chains of these industries, creating globally competitive products and services while remaining a strong strategic partner to the world's leading industrial OEMs. The company was founded on Integrated Micro-Electronics, Inc., a globally leading manufacturing solutions provider, and AC Motors, one of the country's largest multi-brand vehicle distribution and dealership groups. AC Industrials operates in twelve countries around the world, with the capacity to tap markets in North America, Europe, and Asia. In August 2023, AC Industrials sold its 92.45% stake in MT Technologies to Germany-based Callista Asset Management 18 GmbH, an affiliate of Callista Private Equity. The company also entered the smart energy space after acquiring a 98.96% stake in Merlin Solar Technologies in February 2018. Based in San Jose, California, Merlin holds proprietary grid technology that enables specialty solar panels for unique and demanding applications primarily in transport, marine, roofing, and mobile sectors. Merlin Solar Technologies, Inc. manufactures in the Philippines, U.S., and Thailand. On July 23, 2024, an equity funding round was concluded for Merlin, resulting in the dilution of Ayala's indirect stake from 93% to 56%. On February 3, 2025, the final close for the capital raise was completed, further reducing Ayala's effective ownership in Merlin to 39.13%.
Investment Focus
- Focus on industrial technology investments
- Presence in mobility, connectivity, and smart energy sectors
- Global manufacturing capabilities
- Enabling technologies expertise
- Automotive distribution and retail experience
- Interest in global markets including North America, Europe, and Asia
- Ability to create globally competitive products and services
- Strong strategic partnership with leading industrial OEMs
- Experience in managing a diverse portfolio of businesses
- Capability to scale up integrated business portfolios
- Interest in smart energy sector investments
- Experience in specialty solar panel applications
- Manufacturing presence in the Philippines, U.S., and Thailand
- Ability to manage equity funding rounds
- Experience in managing ownership stakes in subsidiary companies
- Interest in automotive and industrial technology sectors
- Experience in managing global portfolios
- Ability to tap into diverse markets
- Experience in managing complex investment portfolios
- Interest in automotive manufacturing and distribution
Portfolio Companies
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Unlock full contacts →Frequently asked questions about AC Industrials
What sectors does AC Industrials invest in?
AC Industrials invests in Industrial Technology, Enabling Technologies, Electronics Manufacturing Services, Smart Energy, Automotive Retail and Automotive Distribution, and is based in Metro Manila, Philippines. AC Industrials is listed as a corporate vc in the ConnectSafely investor database.
What stage does AC Industrials invest at?
AC Industrials backs companies at Early Stage, Growth and Late Stage, writing cheques of 1M - 50M.
Which regions does AC Industrials invest in?
AC Industrials invests across United States, United Kingdom, Germany, Hong Kong, Japan and Singapore.
What companies has AC Industrials invested in?
AC Industrials's portfolio includes Surface Technology International, AC Motors, VIA Optronics, Integrated Micro-Electronics, Inc., MT Technologies, Merlin Solar Technologies, KTM Asia Motorcycle Manufacturing and PSi Technologies, Inc..
Last updated · Source: ConnectSafely investor database
