Private equity-backed platform takeover gives boost to electrical infrastructure and energy solutions provider

Deal Flash

LET Gruppe, a leading German provider of customized electrical infrastructure and energy system solutions, has become part of E.GRUPPE, a fast-growing industrial platform backed by European investment firm GIMV. E.GRUPPE has acquired 100% of the shares in LET Gruppe from GFEP Family Equity, which has successfully supported the group’s growth and strategic development in recent years.

Headquartered in Ulm, Germany, LET Gruppe is a long-established specialist in electrical engineering systems for industrial and energy infrastructure applications. It includes LET Lüddecke, LET Services, ESV Erfurter Schaltschrankbau and IMB Energy Systems, and operates across seven locations with around 200 employees.

LET Gruppe offers a comprehensive portfolio including custom-designed AC/DC distribution systems, low- and medium-voltage switchgear, uninterrupted power supply (UPS) systems, and tailored solutions for charging infrastructure and offshore wind power. The group covers the full project lifecycle — including planning, engineering, installation and maintenance — with an excellent reputation for technological precision and system reliability. Its solutions are used in mission-critical environments such as hospitals, data centers, industrial plants and energy grids.

LET Gruppe has earned a reputation as one of Germany’s most trusted providers of mission-critical energy infrastructure due to its impressive technical know-how and dedicated teams. Since the acquisition of the first of four companies from its founder almost 10 years ago, LET has thrived under the new management. Combining LET with E.GRUPPE is the ideal step forward to support the next phase of growth, especially in markets increasingly in need of energy transition, grid resilience and renewable integration. We thank the Oaklins Germany team for their outstanding commitment and professionalism throughout this process. RALF BAUMEISTER & ALEXANDER TEWAAG, PARTNERS, GFEP FAMILY EQUITY, GERMANY

Oaklins' involvement was critical to making this deal happen

Oaklins’ team in Germany acted as the exclusive M&A advisor to GFEP Family Equity, providing comprehensive support throughout the entire sale process. The team successfully facilitated a strategic partnership with E.GRUPPE, securing a long-term succession solution for GFEP Family Equity and its portfolio company.

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