Primepulse acquires EMS service provider ETL
Munich — Munich-based investment holding PRIMEPULSE SE has acquired all shares in ETL Elektrotechnik Lauter GmbH (“ETL”), one of Germany’s most advanced EMS (electronic manufacturing services) providers. The company, based in Mauerstetten (Allgäu), strengthens the activities of the PRIMEPULSE Group in the EMS sector, which already includes in particular the Katek Group of Companies, Grassau, and Steca Elektronik, Memmingen. Both within the division and across the entire network, the integration of ETL and access to the know-how and resources of the powerful PRIMEPULSE network will result in numerous synergies.
ETL employs 180 people and has a turnover of around 40 million euros. The service and solution expertise covers the entire life cycle of electronic assemblies and devices, from development support to materials and project management, production and logistics, and after-sales service. ETL’s customers are active in the medical technology, industry, aviation, sensor technology, safety technology and railroad technology sectors, among others.
Klaus Weinmann, CEO of PRIMEPULSE SE: “We see that business in the EMS sector is influenced by trends such as IoT and embedded computing as well as the rapid development of new technologies. Against the background of numerous, new applications and services due to digitalization, the EMS market promises very high growth potential. ETL is technically at a very high level, especially in the IoT area. Moreover, with ETL we gain an established company with a first-class reputation in the electronics environment in addition to an experienced and motivated management team.”
For the technology-oriented PRIMEPULSE group of companies, the acquisition of ETL is a further consistent step in its ambitious growth strategy on the way to becoming one of the top 3 German EMS service providers. The strong competencies of the portfolio companies in the two PRIMEPULSE business areas of Technology and Industry, along with targeted acquisitions, are the drivers of the Group’s dynamic growth. Thus, PRIMEPULSE is aiming to exceed one billion in sales for the Group this fiscal year with over 4,300 employees in the consolidated companies.
About Primeimpulse SE
Primepulse SE is an investment holding company based in Munich, Germany, which specializes in investments in technology-oriented companies in promising markets. The Primepulse Technology portfolio includes the topics Industry 4.0, Automation and Internet of Things. As a strategic partner, Primepulse actively supports its group companies in their growth.
Advisor to Primepulse SE: Heuking Kühn Lüer Wojtek
Boris Dürr, Daniela Szczesny (both M&A/Corporate, both lead)
Christian Schild, LL.M. (M&A/Corporate)
Astrid Wellhöner, LL.M. Eur. (labor law)
Peter M. Schäffler (Taxes)
Dr. Reinhard Siegert (Antitrust Law)
Dr. Ruth Schneider (Antitrust Law), all Munich
Boris Dürr’s team regularly advises Primepulse on acquisitions, including the takeover of electronics manufacturer Katek from the Kathrein Group in 2018.