Afinum Management completed the acquisition of the majority stake in LEMCO PRECISION.

Afinum Management, a German private equity firm, completed the acquisition of the majority stake in LEMCO PRECISION, an industrial equipment and machinery provider. Financial terms were not disclosed. The entrepreneur and long-standing CEO André Rezzonico, who will remain minority shareholder, Afinum undertakes to continue the growth trajectory of the recent years by growing the business in international core markets as well as increasing the product range to smaller diameter contacts.