The private shareholders of Garz & Fricke GmbH have sold the company to AFINUM Management GmbH. Financial details have not been disclosed.
Founded in 1993 and based in Hamburg, Garz & Fricke is a successful provider of embedded systems and vending and telemetry solutions. The core competencies of the company are the development, design and manufacture of electronic assemblies and ARM-based embedded solutions with compatible operating systems.
AFINUM is an independent investment company owned by its management. The firm has offices in Munich, Zurich, Vienna and Hong Kong and specializes in investments in successful medium-sized companies in the DACH region.
Oaklins' team in Germany advised the shareholders of Garz & Fricke on the sale of shares. Within the scope of an internationally structured process, the buyer was selected from more than 50 prospective parties and the transaction was successfully closed.
Jan P. Hatje
© 2019 Oaklins. Alle Rechte vorbehalten. Oaklins ist der gemeinsame Markenname von unabhängigen Unternehmen, die Oaklins International Inc. angeschlossen sind. Weitere Informationen finden Sie unter www.oaklins.com/legal