ADCURAM acquires sensor specialist Steinel

6. Decem­ber 2019

Munich — The indus­trial holding company ADCURAM Group AG has acqui­red a majo­rity stake in the STEINEL Group, an inter­na­tio­nal supplier of sensors, sensor lights, hot-air devices and indus­trial compon­ents based in Herze­­b­­rock-Clar­­holz, West­pha­lia. The seller is the family entre­pre­neur Ingo Stei­nel, who will conti­nue to be asso­cia­ted with the group through a signi­fi­cant share­hol­ding and as mana­ging direc­tor. The common goal is to inten­sify imple­men­ta­tion of the growth stra­tegy: further expan­sion of the trend area of buil­ding intel­li­gence and even grea­ter inter­na­tio­na­liza­tion. The tran­sac­tion, the details of which have been agreed not to be disc­lo­sed, was comple­ted at the end of Novem­ber 2019.

STEINEL, foun­ded in 1959 by Hein­rich Stei­nel, has evol­ved over the years from an origi­nal produ­cer of heating elements in elec­tri­cal appli­ances to one of the leading suppli­ers of presence, motion and multi-sensors, sensor lights as well as hot air and hot glue guns. The Group has been expe­ri­en­cing parti­cu­lar growth in recent years as a result of the incre­asing auto­ma­tion of buil­dings. Sensors from STEINEL are world leaders in intel­li­gent light­ing control and make a signi­fi­cant contri­bu­tion to redu­cing energy consump­tion. The latest systems in the field of “buil­ding intel­li­gence” are intel­li­gent solu­ti­ons for the effi­ci­ent use of office space, hotel rooms and also for support in care. Areas that the new part­ner ADCURAM also wants to focus on:

“Not only the deve­lo­p­ment of the motion detec­tor and the world’s first Sensor­Light are impres­sive mile­sto­nes for STEINEL. As a tech­no­logy and inno­va­tion leader, the company is excel­lently posi­tio­ned and has the best prere­qui­si­tes for further growth, espe­ci­ally in the field of Buil­ding Intel­li­gence. We are very much looking forward to a long-term colla­bo­ra­tion in a highly attrac­tive market,” explains ADCURAM Board Member Dr. Phil­ipp Gusinde. Ingo Stei­nel adds: “The conti­nua­tion of STEINEL’s success is very close to my heart. I am very happy to have found a part­ner in ADCURAM who thinks both entre­pre­neu­ri­ally and inno­va­tively and has a lot of expe­ri­ence in support­ing medium-sized compa­nies in the buil­­ding-rela­­ted segment. Toge­ther we will initiate the next growth steps.”

Over the course of Steinel’s corpo­rate history, more than 300 patents and designs have been regis­tered, resul­ting in more than 2,500 products for private and profes­sio­nal users as well as for indus­try and OEM manu­fac­tu­r­ers. Nume­rous appli­ca­ti­ons and solu­ti­ons were pionee­ring in their respec­tive indus­tries. In addi­tion to its head­quar­ters, STEINEL’s 1,500 employees work at five other sites in Leip­zig, Einsie­deln (Switz­er­land), the Czech Repu­blic, Roma­nia and the Repu­blic of Moldova. Sales in Europe and the USA are made through whole­sa­lers and retail­ers as well as to plan­ners, archi­tects and installers.

ADCURAM is a priva­tely owned indus­trial group. ADCURAM acqui­res compa­nies with poten­tial and deve­lops them actively and sustain­ably. For the future growth of the Group, the capi­­tal-strong indus­trial holding company has a total of 300 million euros available for acqui­si­ti­ons. With the help of its own 40-strong team of experts, the indus­trial holding company conti­nues to deve­lop the port­fo­lio compa­nies stra­te­gi­cally and opera­tio­nally. Toge­ther, the group gene­ra­tes more than 400 million euros in sales with six holdings and over 2,500 employees worldwide.

ADCURAM sees itself as an entre­pre­neu­rial inves­tor and invests in succes­sion plans and corpo­rate spin-offs.

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