capiton to acquire a majority stake in Betonbau Group from Schwenk-Group.

capiton, a financial investor, agreed to acquire a majority stake in Betonbau Group, a concrete electrical enclosure producer, from Schwenk-Group, a building materials production company. Financial terms are not disclosed. “We are delighted to be the partner of Betonbau, a real hidden champion with a strong technological footprint. Betonbau will be a key-player in the energy transition (“Energiewende”) that will benefit from the long-term growth in demand for energy caused by the booming e-mobility market and the replacement of fossil heating energy with electrical energy, for instance. Betonbau‘s intelligent transformer stations will indeed play a crucial role in providing energy ranging from conventional to decentralized green energy supplies to households all over the country,” Christoph Spors, capiton partner.