Afinum acquires LEMCO PRECISION

Cate­gory: Private Equity
15. Janu­ary 2020

Munich, Janu­ary 2020 — Afinum Achte Betei­li­gungs­ge­sell­schaft mbH & Co KG, advi­sed by Afinum Manage­ment GmbH, indi­rectly acqui­res a majo­rity stake in Swiss Inter­con­nect Holding SA (“LEMCO PRECISION”). Toge­ther with entre­pre­neur and long-time CEO André Rezzo­nico, who will remain a mino­rity share­hol­der after the tran­sac­tion, Afinum aims to conti­nue the growth of recent years by expan­ding its busi­ness in core inter­na­tio­nal markets and broa­de­ning its product range to include even smal­ler diame­ter cont­acts. Photo (from left): Dr. Gernot Eisin­ger, Dr. Thomas Bühler, both Mana­ging Partners.

LEMCO PRECISION ( manu­fac­tures cont­acts for data trans­mis­sion and current flow that are small in diame­ter, high in comple­xity and suita­ble for highly deman­ding appli­ca­tion envi­ron­ments. Because the company guaran­tees the highest quality and zero-defect tole­rance, the cont­acts are used in highly func­­tion-criti­­cal elec­tro­nics in areas such as commer­cial avia­tion, non-auto­­mo­­tive trans­por­ta­tion, aero­space, defense, tele­com­mu­ni­ca­ti­ons, indus­trial and other appli­ca­ti­ons. Over the past two deca­des, the company has been able to build very stable rela­ti­onships with the major connec­tor manu­fac­tu­r­ers in North America and Europe. In addi­tion, acqui­si­ti­ons have been comple­ted and compe­ten­cies built up in recent years to gain complete control of the value chain, from the deve­lo­p­ment of a cont­act to surface treat­ment or various other addi­tio­nal services. The company holds a strong posi­tion in a market that is expec­ted to conti­nue to grow rapidly based on the trends of an incre­asing number of end-use appli­ca­ti­ons, an incre­asing density of elec­tro­nics per appli­ca­tion, and a surge in data traf­fic and power flow per elec­tro­nic equipment.

LEMCO PRECISION was foun­ded in 1965 and acqui­red in 1995 by CEO André Rezzo­nico toge­ther with a group of inves­tors. Head­quar­te­red in Monthey, French-spea­king Switz­er­land, the Group employs appro­xi­m­ately 235 people and will gene­rate sales of appro­xi­m­ately 56 MCHF in 2019. By focu­sing on an attrac­tive market segment and buil­ding up highly auto­ma­ted produc­tion faci­li­ties, the company has succee­ded in growing rapidly and profi­ta­bly in recent years. Afinum and André Rezzo­nico aim to address the next phase of growth by buil­ding on long-stan­­ding custo­mer rela­ti­onships, streng­thening the inter­na­tio­nal busi­ness, expan­ding the product range to include small diame­ter cont­acts, and incre­asing the capa­city and effi­ci­ency of the produc­tion faci­li­ties in Switz­er­land as well as worldwide.

The invest­ment in LEMCO PRECISION is the eighth plat­form invest­ment of Afinum Achte Betei­li­gungs­ge­sell­schaft mbH & Co KG.

About Afinum
Afinum is an inde­pen­dent invest­ment company owned by the manage­ment with offices in Munich, Zurich and Hong Kong, which specia­li­zes in invest­ments in successful medium-sized compa­nies in German-spea­king Europe.

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