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Riverside sells German company IndustrieHansa Engineering and Consulting18/08/2008. Source: AltAssets. 
 The Riverside Company has sold IndustrieHansa Engineering and Consulting, an engineering service and consulting provider to the German automotive and aerospace industries, to Findos Investor, a mid-market private equity firm backed exclusively by German family-owned companies as investors. The size of the deal was not disclosed, but sources close to the deal confirmed that it was somewhere between €50m and €100m.
IndustrieHansa had been an independent business division of Advanced Information Systems Group, which provides technology solutions for the automotive, aerospace and steel industries and which remains a Riverside platform company. Riverside acquired IndustrieHansa in December 2006 from Siemens/MCE.
Kai Köppen, Riverside partner in Munich, said, ‘Together with management, we successfully positioned the company as a standalone engineering service provider, broadened the customer base and extended the company’s service offering. It was a mutually successful partnership.’
Riverside focuses on the smaller end of the mid market.
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