Apheon completed the acquisition of a majority stake in Hittech Group.

Apheon, an investment firm, completed the acquisition of a majority stake in Hittech Group, a systems supplier that engineers and develops highly complex mechanical and mechatronic components and assemblies. Financial terms were not disclosed. “Hittech has experienced strong growth supported by the positive underlying trends of our clients and end-markets and has invested significantly in the development of our people, production capacity and capabilities. For the future we see continued strong demand for our services and look forward to continuing to support our clients in developing the technologies of the future. We are pleased to onboard Apheon as new partner to support us with investments in our existing operational footprint while continuing to grow into new geographies. In Apheon we found our partner of choice to offer strategic guidance and capital to unlock the next phase of growth with a deep network in our markets," Eric Driessen, Hittech CEO.