Announced
Financials
Sources
Tags
Single Bidder
Acquisition
plastic fabrication
Germany
Pending
Private
Majority
Cross Border
Private Equity
Friendly
Containers and Packaging
Synopsis
Gimv, a listed European investment company, to acquire Variotech, a manufacturer of innovative workpiece carriers used in fully automated manufacturing processes for the transport and handling of components of the most varied shapes and sizes, from EOS Partners, a private equity firm. Financial terms were not disclosed. "With our range of top-quality workpiece carriers, we are in a brilliant position in a flourishing market environment with high earnings potential. We have grown strongly in the past and with the new location in Indianapolis we have laid the foundation for a successful expansion of the business in North America. We are firmly convinced that with Gimv we have made a very good choice for a successful future. Now, with a new strong partner on our side, we want to take the next steps together," Benedikt Fleig, Variotech Managing Director.
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