Halder acquires Drumag Fluidtechnik and EPH Elektronik
Frankfurt a. Main — Halder has acquired a majority stake in Drumag Fluidtechnik in Bad Säckingen and EPH Elektronik in Besigheim-Ottmarsheim as part of a succession plan. In addition to the two German sites, the group of companies has activities in Switzerland and Lithuania. In 2018, the total of 145 employees generated sales of 22 million euros.
Drumag has over 100 years of experience in pneumatics, hydropneumatics, hydraulics and proportional technology. The company develops, produces and optimizes, in particular, application-specific systems in the areas of driving, controlling and moving. EPH’s range of services includes, among other things, power and control electronics in various designs through to rotary drive units including motors and geared motors. The strength of the two companies is the development of complex solutions for customer-specific applications that require the highest precision, reliability and functionality in a confined space.
The Group has extensive development, design, laboratory and manufacturing capabilities. This starts with hardware and software engineering and extends to assembly and system production. The customer industries include mechanical engineering, aviation, and the packaging, automation, and medical technology industries. The Group supplies around 2,000 customers, ranging from major international corporations to medium-sized businesses. For many customers, the companies have been strategic development partners for decades.
Growth potential arises from the increasing demand for customized electro-mechanical solutions in drive technology. The group of companies is benefiting from the increasing automation of industrial production as part of the Industry 4.0 trend. In this way, the Group is to continue its growth path with existing and new customers. Ulrich Ziegler, selling shareholder, said: “Halder has made it possible for me to succeed as a shareholder. I am convinced that with Halder the group has the right partner to continue the success story.” Philipp Scheier (photo), Partner at Halder, added: “We were impressed by the technological competencies of the companies. Halder will support the group’s further development with full force.”
“We are delighted to have Halder as an entrepreneurial partner who will nurture our highly motivated team and support us in our growth for the benefit of our customers,” added Frank Kuttler, Managing Director of Drumag. Stefan Schellmann Managing Director of EPH explained: “With Halder as a strong financial partner, we are expanding our possibilities. The aim is to be able to offer our customers an even wider range of system solutions.”
Advisors to HALDER: CMS Hasche Sigle (Law: Dr. Oliver Wolfgramm)
Luther (Law/Finance: Christoph Schauenburg)
Deloitte (finance, tax, structuring: Christof Dreibholz, Clemens Petersen), Estin (market due diligence: Marco Maeder, Philip Geiser)
Anthesis (Environment: Frank Schmidt)
Euro Transaction Solutions(Insurance: Jürgen Reinschmidt) advised.
LGT Private Debt (deal team: Jonathan Smith, Felix Finkler) provided the acquisition financing.
Halder has been active as an investment company in the German-speaking region since 1991 and during this time has provided equity capital to 40 medium-sized companies for succession and growth. Halder supports its portfolio companies in their international expansion, in the further development of their strategy and business model, and in investments to expand capacity and finance acquisitions. The investment in the group is the second investment of the Halder VI fund. Halder (deal team: Philipp Scheier, Jatinder Pal Singh)