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.
Dr. Florian von Alten
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.