Invest, BayBG, Wohlfart Beteiligungs and CR Management und Investment to acquire Pichler & Strobl from Hör Technologie.

Invest, an investment firm, BayBG, a private investment company, Wohlfart Beteiligungs and CR Management und Investment, an asset and investment manager, agreed to acquire Pichler & Strobl, a manufacturer of complex components for the semiconductor and display industries, from Hör Technologie, a manufacturer and distributor of power transmission and gearing systems. Financial terms were not disclosed. "The Austrian-Bavarian investor consortium can further advance the growth of Pichler & Strobl in order to meet the increasing demand in the semiconductor industry in Europe. In this way, we are taking another strategic step in order not only to maintain Austria as a business location, but also to sustainably strengthen it," Gernot Hofer, Invest CEO.