Piller Entgrattechnik GmbH has been acquired by VR / Süd Beteiligungen GmbH
Süd Beteiligungen GmbH (SüdBG) and VR Equitypartner GmbH have jointly acquired a 70% stake in Piller Entgrattechnik GmbH (Piller) from private shareholders for US$10 million.
Piller is an innovative machine and plant manufacturer specializing in deburring and cleaning of metal components with high pressure water, cutting oil and coolants. With locations in Ditzingen (Germany), Kecskemét (Hungary) and Magny-Cours (France), Piller serves mainly the automotive industry. The previous managing directors remain unchanged, responsible for the management of the business and are also involved as shareholders in the company. "With SüdBG and VR Equitypartner, we have found long-term investment companies that will accompany the company on the further growth internationally with their network," said the Managing Directors Thomas Piller, Martin John and Jörg Nubert.
Christian Futterlieb, Managing Director of VR Equitypartner, added: "Due to its high development expertise, product quality and flexibility, Piller has built up in recent years a stable international customer base, which is represented in the established markets as well as in the strong growth regions. In the coming years, it will be important for the company to position itself both internally and externally so that the growth potential can be exploited."
Oaklins' team in Germany advised the seller in this transaction.
Talk to the deal team
Related deals
Top Systems teams up with Holland Capital to create the premier Dutch battery-based solutions provider
Holland Capital, a Netherlands-based private equity firm, has acquired a stake in Top Systems, a leading provider of complete battery-based power solutions, with a unique value-added services proposition.
Learn moreXeros Technology Group has completed a placing, subscription and retail offer
Xeros Technology Group plc has raised funds to drive forward its commercialization strategy.
Learn moreSoler & Palau Ventilation has acquired subsidiaries of United Enertech Holdings
Soler & Palau Ventilation, Inc. (S&P) has acquired subsidiaries of United Enertech Holdings, LLC. (UEH). The subsidiaries included Air Conditioning Products, LLC; Air Performance, LLC; Metal Form Manufacturing, LLC; and United Enertech Corp.
Learn more