The private shareholders of Stanzwerk AG have sold the company to SITEM S.p.A.. Financial details have not been disclosed.
SITEM S.p.A. is a family-owned European manufacturer of stamped electrical laminations and die-cast alloy components. The company was founded in 1974 and is headquartered in Trevi, Italy. SITEM has five divisions, three in Italy and one in France and Slovakia.
Stanzwerk AG specializes in the stamping and stacking of laminations. Using magnetic sheet metal, it manufactures stator and rotor stacks needed to construct electric motors. The latter are then used in drives, steering systems, electric tools and ventilation systems. The company looks back on a successful 50-year history and enjoys an outstanding reputation on the market as an expert and reliable partner for its customers. The high level of precision of its manufacturing processes and the fact that it makes its own tools, among other things, have contributed to this success. The export ratio of approximately 90% highlights Stanzwerk’s international focus.
Oaklins' team in Switzerland advised the seller in this transaction. They conducted an individual tailored sales process in order to find the right buyer for Stanzwerk AG. The team had to find an investor who could succeed both in the ownership of Stanzwerk AG and at operational level. In addition, the investor should share the same basic values, believe in a successful industrial production in Switzerland and be prepared to expand this further to successfully lead Stanzwerk AG into the future.
Marcel Rüetschi, Owner and President of Stanzwerk AG, said: "After 52 years of service with the company, I am delighted to have found in SITEM a sustainable solution for my life's work. I would like to thank Oaklins' team for the professionally conducted M&A process tailored to my personal needs."
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