Succession at GREMCO with BayBG
Munich / Augsburg — GREMCO GmbH is a medium-sized hose & cabling specialist in family ownership. After 30 successful years of development, the owners sell their company to an external, long-term oriented management team. BayBG Bayerische Beteiligungsgesellschaft is supporting the acquisition in the form of a silent partnership and providing a six-figure sum.
GREMCO develops and supplies customers from numerous industries with high-quality and sophisticated technical hose solutions and components for high-tech cabling — worldwide. As a niche specialist, hidden champion GREMCO is able to supply complete system solutions as well as custom-made products. Modern production facilities in
Europe, USA and Mexico guarantee quality and maximum reliability.
The shrink, braided and insulating sleevings as well as electrical wires and cables have excellent chemical, thermal and electrical properties with international approvals and are used in an extremely wide range of applications, yet based on a few core technologies, in the aerospace, medical, automotive, industrial and environmental sectors.
“At GREMCO, an experienced, two-person external management team is taking over the company. The cultural fit was intensively reviewed by the sellers in several meetings; finally, a life’s work and a deserving team passes to MBI managers Simon Specka and Nikolas Langes. GREMCO is a great niche specialist. For us, the MBI team, the existing team and the company are an excellent fit,” says Managing Director Karl Christian Vogel, explaining BayBG’s commitment.
The new owners Nikolas Langes and Simon Speckaare also satisfied.: “With our partnership approach as new shareholders, we want to continue the quality and service promise of the founders in the long term and support and serve the long-standing base of satisfied customers, some of whom have grown for decades, as before. We plan to leverage our extensive expertise in digitization, innovation and growth projects for the benefit of our loyal customers and workforce. We are proud to have gained a renowned partner in BayBG to strengthen our equity side, whose values are important to us, who understands our strategy and will accompany our growth in the long term.”
About BayBG Bayerische Beteiligungsgesellschaft mbH
With an invested volume of more than 300 million euros, BayBG Bayerische Beteiligungsgesellschaft is one of the largest providers of equity capital, especially for Bavarian SMEs. With its venture capital and equity investments, which it provides in the form of equity and mezzanine, it enables medium-sized companies to implement innovation and growth projects, manage corporate succession or optimize their capital structure. BayBG operates as an evergreen fund and is not subject to exit pressure.