German private equity firms VR Equity Partner and Bayern LB Capital Partners have together acquired a majority stake in measurement and control technology company GHM Group, alongside company management.
GHM develops and manufactures its products at four sites in Germany and has more than 200 employees. While 70 per cent of its revenues are from the German market, it also operates subsidiaries in Denmark, the Netherlands and the Czech Republic. The customers are to be found in areas such as mechanical and plant engineering, food, pharmaceutical, water treatment and laboratory facilities.
“In the next few years are in addition to the organic growth, the expansion of sales and new product development also planned further acquisitions,” said Jacoby Ingo von Bayern at LB Capital Partners. “This should be supplemented by the company strategically suitable new business, which will help to increase the technological capabilities and to expand the customer base”
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