Sicko successor: Finexx acquires majority stake in industrial automation company
Zaisenhausen/ Stuttgart — Finexx Unternehmensbeteiligungen acquires a majority stake in Sicko GmbH & Co KG as part of a long-term succession plan. The company, based in Zaisenhausen, Baden-Württemberg, develops and sells solutions for the digitization and automation of processes in the woodworking industry. The brothers Carl and Jochen Sicko are the sellers of the shares. They will continue to be managing directors and also shareholders via a reverse shareholding. The aim of the partnership is to continue to benefit from the increasing demand for automation in the market and, above all, to herald new growth steps at Sicko through additional professionalization. The transaction, the details of which have been agreed not to be disclosed, has already been completed.
Sicko’s focus is on developing solutions that help increase production efficiency by interlinking machines. Since its foundation in 1975 by Karl Sicko, the father of today’s managing directors, the company, which now has 40 employees, has grown steadily and serves numerous well-known customers in the DACH region and worldwide, including wood processing companies such as sawmills and planing mills, wood-based panel and furniture manufacturers, as well as wood machinery manufacturers. Annual sales exceed seven million euros; in view of well-filled order books, significant double-digit sales growth is expected for the current year.
For Finexx, the transaction marks the second investment from its fund with a volume of 35 million euros, which was only closed at the end of 2018 — last November, the specialist for the further development of medium-sized companies acquired a majority stake in GSE Vertrieb Biologische Nahrungsergänzung & Heilmittel GmbH from Saarbrücken. At Sicko, the second investment from the first Finexx fund, new investments and additional know-how are now to be used to reach new levels of development.
“Sicko is a hidden champion of the German SME sector and has an excellent reputation in the industry. On this basis, we want to use new impetus to help drive forward the professionalization of processes and structures as well as the expansion of capacities, workforce and partnerships. The development of new business areas and markets as well as an expansion of the portfolio are also on the list,” explains Matthias Heining (photo), who runs Finexx together with Dr. Markus Seilerand can draw on a combined 30 years of operational and commercial expertise in the industrial and technology sectors as well as in family-owned companies. The market environment offers excellent prospects: In Germany, as the global market and technology leader for woodworking machinery, the importance of wood as a building material is increasing strongly again; many new applications for the raw material are also emerging, including in the wood-based materials industry, packaging manufacturers, prefabricated construction, energy generation, and window and front door construction. Dr. Seiler: “This increases the need in production facilities for effective, reliable machines and systems that help drive intelligent automation. Sicko has a key role to play in this.”
Finexx GmbH Unternehmensbeteiligungen, based in Stuttgart, is a consulting company founded in 2013 that specializes in established medium-sized companies. Typical fields of activity are growth investment and acquisition financing as well as the support of changes in the shareholder structure and succession planning.
Finexx invests long-term funds (equity capital of between 5 and 50 million euros), mainly in the form of majority shareholdings, in companies from the German-speaking region, including insurance companies and pension funds. These have sales of EUR 10 million or more, a qualified management team, and can demonstrate sustainable earnings power and cash flow based on a successful business model.
The team has many years of industrial and management experience as well as profound know-how in the investment sector — both are brought to bear for the successful further development of companies and in the associated change processes. Finexx supports management by providing active commercial and technical advice without interfering with day-to-day operations, as well as a cross-industry network.