The private shareholders of DETECH Fahrzeugentwicklung have sold the company to QuEST Global Engineering Services (QuEST) for US$10 million.
DETECH is a well-known provider of engineering services in the German automotive industry. The company has achieved above target operating margins as a result of a flexible corporate structure, strong client relationships, competent personnel and an excellent market position. DETECH was established in 2003, currently employs 146 staff in three branches in Munich, Sindelfingen and Wolfsburg, and is certified according to DIN EN ISO 9001:2008. The company's client portfolio includes leading OEMs from the automotive industry such as BMW, Daimler and Volkswagen, as well as renowned automotive suppliers such as Autoneum, Carcoustics, DFA-Bielefeld, FAIST-Chemtec, Leoni and Magna Steyr. DETECH is organized into two business areas: contracted employment and HR outsourcing.
Singapore-based QuEST is a diversified Product Development Solutions (PDS) company, employing over 8,000 professionals around the world, with delivery centers in the USA, Singapore, UK, Germany, Italy, Spain, France, Japan, Australia and India. QuEST helps clients reduce product development costs, shorten lead times, extend capacity and maximize engineering resources availability by providing support across the complete product life cycle, from design and modeling through to analysis, prototyping, automation, data documentation, instrumentation and controls, embedded systems development, manufacturing support and vendor management.
Oaklins' team in Germany was mandated by the sellers, introduced Detech to its longstanding client QuEST Global and monitored the complete process.
Dr. Hans Bethge
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