Media & Multimedia
HgCapital acquires German Schenck MPT from Dürr
Auteur : AltAssets
Du : 01/11/2005
acquire Germany-based Schenck Measuring and Process Technologies from Dürr, a supplier of production systems and modules and components for measuring and process systems. The transaction values the company at €205m.
The management of Schenk MPT will participate in the buy-out and take a minority stake.
Schenck MPT develops, manufactures, assembles, markets and sells solutions, products, systems and turnkey systems on the basis of reliable components. The company is organised along four business segments: heavy industry (steel, cement, sand and gravel, and building materials industries), light industry (specialty chemicals, plastics and food industries), mining, and transport and logistics. Schenck MPT, part of Dürr's subsidiary Carl Schenck, has activities in more than 40 countries and operates 11 assembly facilities globally.
Martin Block, head of HgCapital Frankfurt, said, 'Schenck MPT is the undisputed leader within its industry. The company operates under a highly recognised brand name and has solid and long-established relationships with a large number of blue-chip clients all over the world. The management of Schenck MPT has demonstrated during the successful restructuring of the company that it has a profound understanding of the business and its markets. We fully endorse the management's current strategy and will bring in additional experience, expertise and resources to boost growth and profitability further.
'Although Schenck MPT already has a strong presence in high growth markets we will look carefully for acquisition opportunities, particularly in the markets of China, India, South America and Eastern Europe,' Block continued.
HgCapital specialises in mid-market investments ranging from €40-400m. The firm is structured around six sectors - consumer, healthcare, industrials, leisure, media and technology. It has also built a team specialising in renewable energy. The Schenck MPT deal is the third acquisition by HgCapital in Germany this year.
The management of Schenk MPT will participate in the buy-out and take a minority stake.
Schenck MPT develops, manufactures, assembles, markets and sells solutions, products, systems and turnkey systems on the basis of reliable components. The company is organised along four business segments: heavy industry (steel, cement, sand and gravel, and building materials industries), light industry (specialty chemicals, plastics and food industries), mining, and transport and logistics. Schenck MPT, part of Dürr's subsidiary Carl Schenck, has activities in more than 40 countries and operates 11 assembly facilities globally.
Martin Block, head of HgCapital Frankfurt, said, 'Schenck MPT is the undisputed leader within its industry. The company operates under a highly recognised brand name and has solid and long-established relationships with a large number of blue-chip clients all over the world. The management of Schenck MPT has demonstrated during the successful restructuring of the company that it has a profound understanding of the business and its markets. We fully endorse the management's current strategy and will bring in additional experience, expertise and resources to boost growth and profitability further.
'Although Schenck MPT already has a strong presence in high growth markets we will look carefully for acquisition opportunities, particularly in the markets of China, India, South America and Eastern Europe,' Block continued.
HgCapital specialises in mid-market investments ranging from €40-400m. The firm is structured around six sectors - consumer, healthcare, industrials, leisure, media and technology. It has also built a team specialising in renewable energy. The Schenck MPT deal is the third acquisition by HgCapital in Germany this year.