E.Gruppe, a Gimv portfolio company, has acquired LET Gruppe from GFEP Family Equity

July 2025 — LET Gruppe, a leading German provider of customized electrical infrastructure and energy system solutions, is set to become part of E.GRUPPE, a fast-growing industrial platform backed by European investment firm Gimv. The parties have signed a definitive agreement under which E.GRUPPE will acquire 100% of the shares in LET Gruppe from GFEP Family Equity, which has supported the company’s growth and strategic development in recent years. The transaction is subject to regulatory approvals.

LET Gruppe, headquartered in Ulm, Germany, is a long-established specialist in electrical engineering systems for industrial and energy infrastructure applications. The group comprises LET Lüddecke, LET Services, ESV Erfurter Schaltschrankbau and IMB Energy Systems, and operates across seven locations with approximately 200 employees. LET offers a comprehensive portfolio of custom-designed AC/DC distribution systems, low- and medium-voltage switchgear, uninterruptible power supply (UPS) systems and tailored solutions for charging infrastructure and offshore wind power. The group manages the full project lifecycle — from planning and engineering to installation, commissioning, service and maintenance — with an excellent reputation for technological precision and system reliability. LET’s solutions are deployed in mission-critical environments such as hospitals, data centers, industrial facilities and energy networks.

E.GRUPPE was founded in 2021 with the goal of building a leading electrical engineering group focused on energy and automation technology, characterized by a high degree of vertical integration that spans design, engineering, manufacturing, installation and lifecycle services. Following the acquisition of LET Gruppe, E.GRUPPE will comprise 365 employees across ten locations, establishing a strong presence in central and southern Germany. Through its buy-and-build strategy, E.GRUPPE is developing a future-proof industrial platform in a highly fragmented market, offering integrated electrical engineering solutions tailored to the needs of industry and the energy transition. E.GRUPPE is a portfolio company of Gimv, a listed European investment firm with over US$2.3 billion in assets under management and offices in Antwerp, Munich, Paris and The Hague. Within Gimv’s Sustainable Cities platform, E.GRUPPE represents a strategic initiative in the energy infrastructure and automation space.

GFEP Family Equity is a Munich-based investment advisory firm specializing in long-term, entrepreneurial partnerships with mid-sized companies in the DACH region.

Our role in the transaction

Oaklins’ team in Germany acted as the exclusive M&A advisor to GFEP Family Equity, providing comprehensive support throughout the entire sale process of LET. The team successfully facilitated a strategic partnership with E.GRUPPE, delivering a long-term succession solution for GFEP and its portfolio company. This transaction underscores the team’s deep sector expertise and its ability to generate sustainable value.