Castik Capital to acquire a majority stake in Andra Tech from Equistone.

Castik Capital, a private equity firm, agreed to acquire a majority stake in Andra Tech, a group of manufacturers of high-tech precision components and sub-modules, from Equistone, a mid-market private equity firm. Financial terms were not disclosed. “In Castik, we have found our partner of choice who will support us as we further expand our capacities and capabilities and grow both organically and acquisitively. The experience of the partners and the trust shown in our culture and company DNA convinced us of Castik, and we are looking forward to a close cooperation in the coming years. Equistone staying invested as a minority shareholder shows their continued confidence in Andra Tech Group and our strategy,” Geert Ketelaars, Andra Tech Group CEO.