EQT Partners, Mubadala and Cinven completed the acquisition of va-Q-tec for c. €350m.

EQT Partners, a global investment organization, Mubadala, a sovereign investor, and Cinven, a private equity investment firm, completed the acquisition of va-Q-tec, a pioneer in highly efficient products and solutions in the area of thermal insulation and TempChain logistics, for c. €350m. "Va-Q-tec’s success over the past two decades has been predicated on two core principles: a strong focus on innovation and a spirit of collaboration. EQT shares these values, with its foundation in the tradition of the Wallenberg family, where responsible ownership is a key principle. In EQT, we have found an entrepreneurial and financially strong partner that has built a reputation for working together with well-positioned medium-sized companies to drive sustainable growth. In the interests of our employees, customers and shareholders, we welcome the agreement with EQT," Joachim Kuhn, va-Q-tec Founder and CEO.