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Zurmont Madison buys 55 per cent stake in AKAtech Produktions

6 Mar 2012

Swiss private equity firm Zurmont Madison has grabbed a 55 per cent stake in high-quality Austrian electromechanical assembly company AKAtech Produktions.

Zurmont said it took the majority interest to open up more solid financing solutions for the company and help implement its growth strategy.

AKAtech, which has production facilities in Austria and Slovakia, also manufactures complex wiring harnesses and generated sales of more than €30m last year.

Company managing director Michael Farthofer said, “After experiencing rapid growth over the past ten years, the company now faces the next step towards internationalisation.

“In Zurmont Madison, we have found a partner that will not only provide us with financial backing during this development stage, but will also support us in terms of strategy.

“In particular, the synergies with Zurmont Madison Group shareholdings featuring similar setups to ours lead us to expect the company to continue to develop in a healthy manner.”

Zurmont has just begun marketing its second fund with institutional investors, and hopes to reach a €207m close by the middle of the year.

The firm was created in 2006 through a merger between former investment companies Zurmont and Madison.

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