CGS Management-backed Advaton Foodtec to acquire Eurotandem.

CGS Management-backed Advaton Foodtec, a provider of innovative technology companies for food production, agreed to acquire Eurotandem, a young and innovative French company specializing in the design, manufacture, installation and maintenance of production lines for dairies and cheese factories. Financial terms were not disclosed. “Ultimately, what Advaton Group will offer our customers in future is a convergence of Swiss and French cheese-making heritage – an expertise that is acknowledged and celebrated by cheesemakers worldwide. We are particularly pleased that the Berthiers are highly motivated to contribute their experience to the group in the future. By combining Kalt, Staedler and Eurotandem under the Advaton umbrella we are unifying traditional Swiss and French cheese-making expertise to the delight of our customers," Thomas Anderegg, CGS Management Managing Partner.