German private equity house BWK has bought a majority stake in industrial service provider H&R Industrierohrbau GmbH.
H&R was founded in 1999 and specialises in the maintenance and construction of pipelines in production plants.
The business generated sales of just under €16m in 2017, operating through three sites.
“H & R is an excellently positioned company with an excellent reputation.
“We are convinced that we can constructively support the growth course of H&R “, said BWK Director Bernd Bergschneider.
BWK has around €300m of funds under management and is focused on SMEs.
The Stuttgart-based firm is currently investing around €160m in 20 companies.
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