Frank\u00adfurt am Main \u2014 Sero GmbH (Sero), a company in the port\u00adfo\u00adlio of DBAG Fund VII, acqui\u00adres Solid Semecs B.V. Like Sero, the Dutch company is a deve\u00adlo\u00adp\u00adment and manu\u00adfac\u00adtu\u00adring service provi\u00adder for EMS (Elec\u00adtro\u00adnic Manu\u00adfac\u00adtu\u00adring Services, complete contract manu\u00adfac\u00adtu\u00adring of elec\u00adtro\u00adnic assem\u00adblies, devices and systems) and opera\u00adtes on the market as Semecs. DBAG Fund VII will invest around 16 million euros in the purchase, of which 3.6 million euros will be inves\u00adted by Deut\u00adsche Betei\u00adli\u00adgungs AG (DBAG).<\/p>\n
The aim of the tran\u00adsac\u00adtion, which was agreed at the end of last week, is to broa\u00adden the custo\u00admer base, open up new custo\u00admer sectors and expand produc\u00adtion capa\u00adci\u00adties with a site in Eastern Europe. The seller is the Dutch company Rade\u00adma\u00adker Beheer B.V. The family behind the company is prima\u00adrily invol\u00adved in machi\u00adnery for large bake\u00adries; Seme\u00adc\u2019s acti\u00advi\u00adties are accor\u00addin\u00adgly outside its core busi\u00adness. The purchase is subject to appr\u00adoval by the anti\u00adtrust autho\u00adri\u00adties; the tran\u00adsac\u00adtion is expec\u00adted to be comple\u00adted by mid-year.<\/p>\n
DBAG Fund VII, which was advi\u00adsed by DBAG, had inves\u00adted in Sero in Novem\u00adber 2018 as part of a manage\u00adment buyout. DBAG had co-inves\u00adted around eleven million euros along\u00adside the fund. It holds 21 percent of the shares in Sero. The current tran\u00adsac\u00adtion is the seven\u00adte\u00adenth corpo\u00adrate acqui\u00adsi\u00adtion struc\u00adtu\u00adred by a company from the DBAG port\u00adfo\u00adlio within the past twelve months. The objec\u00adtive is predo\u00admi\u00adnantly to acce\u00adle\u00adrate the perfor\u00admance of the respec\u00adtive port\u00adfo\u00adlio compa\u00adnies, for exam\u00adple by broa\u00adde\u00adning the product range and regio\u00adnal coverage or by conso\u00adli\u00adda\u00adting the market.<\/p>\n
Semecs (www.semecs.com) assem\u00adbles prin\u00adted circuit boards for a wide range of appli\u00adca\u00adti\u00adons and also specia\u00adli\u00adzes in common assem\u00adbly, cali\u00adbra\u00adtion and test\u00ading services. The company, head\u00adquar\u00adte\u00adred in Uden, Nether\u00adlands, employs 480 people, 450 of whom work at the produc\u00adtion site in Vr\u00e1ble, Slova\u00adkia, which was built in 2012. For the current year, the company expects sales of around 72 million euros.<\/p>\n
The elec\u00adtro\u00adnic compon\u00adents produ\u00adced by Semecs in predo\u00admi\u00adnantly small quan\u00adti\u00adties are used, for exam\u00adple, to control air-condi\u00adtio\u00adning systems or the motors of e\u2011bikes, are found in elec\u00adtro\u00adnic elec\u00adtri\u00adcity meters and mobile insu\u00adlin pumps, and are instal\u00adled in the LED light\u00ading or engine control systems of cars. Around 70 percent of sales are gene\u00adra\u00adted with indus\u00adtrial custo\u00admers; the remai\u00adning share is accoun\u00adted for by appli\u00adca\u00adti\u00adons in medi\u00adcal tech\u00adno\u00adlogy and products for the auto\u00admo\u00adtive industry.<\/p>\n
is where Semecs differs from Sero: Sero is an estab\u00adlished produc\u00adtion part\u00adner to the auto\u00admo\u00adtive supply indus\u00adtry and gene\u00adra\u00adtes around 85 percent of its sales there. With a high degree of auto\u00adma\u00adtion, the company specia\u00adli\u00adzes in high-volume orders. Semecs, on the other hand, deals with orders above medium quan\u00adti\u00adties and a higher propor\u00adtion of manual acti\u00advi\u00adties. Both compa\u00adnies will bene\u00adfit equally from the combi\u00adna\u00adtion of manu\u00adfac\u00adtu\u00adring opera\u00adti\u00adons invol\u00adving the Slova\u00adkian site, ther\u00adeby achie\u00adving a higher degree of flexi\u00adbi\u00adlity for diffe\u00adrent order sizes and better posi\u00adtio\u00adning in the acqui\u00adsi\u00adtion of new busi\u00adness. The acqui\u00adsi\u00adtion of Semecs thus broa\u00addens Sero\u2019s custo\u00admer base and market access for the company, which employs around 220 people in Rohr\u00adbach, Rhineland-Palatinate.<\/p>\n
The newly formed group opera\u00adtes in an attrac\u00adtive market: for the core segments of indus\u00adtry, medi\u00adcine and auto\u00admo\u00adtive, growth rates above the alre\u00adady attrac\u00adtive growth of the EMS market as a whole are expec\u00adted in the coming years.<\/p>\n
\u201cThe compe\u00adten\u00adcies of the two compa\u00adnies comple\u00adment each other perfectly,\u201d said Jannick Hune\u00adcke, member of the DBAG Manage\u00adment Board<\/strong> on the occa\u00adsion of the tran\u00adsac\u00adtion. He added: \u201cToge\u00adther they can better serve the attrac\u00adtive market and opti\u00admally combine their capa\u00adbi\u00adli\u00adties in produc\u00adtion, so that with the company acqui\u00adsi\u00adtion we are streng\u00adthening and acce\u00adle\u00adra\u00adting the further deve\u00adlo\u00adp\u00adment of our origi\u00adnal investment.\u201d<\/p>\n Sero CEO Dr. Bernd Welzel<\/strong> high\u00adligh\u00adted the stra\u00adte\u00adgic importance of the tran\u00adsac\u00adtion for Sero: \u201cThe company crea\u00adted from the two EMS specia\u00adlists ensu\u00adres a strong and compe\u00adti\u00adtive presence in Europe with a broad range of manu\u00adfac\u00adtu\u00adring service offe\u00adrings across diffe\u00adrent market segments \u2014 this opens up a variety of oppor\u00adtu\u00adni\u00adties for us and under\u00adlines our expan\u00adsion policy.\u201d Semecs Mana\u00adging Direc\u00adtor Jan-Fred\u00adrik Kalee<\/strong> added, \u201cWe bring a well-trai\u00adned team to an attrac\u00adtive loca\u00adtion with a reco\u00adgni\u00adzed good quality assu\u00adrance process and look forward to working with them.\u201d<\/p>\n About DBAG<\/strong><\/p>\n Deut\u00adsche Betei\u00adli\u00adgungs AG, a listed company, initia\u00adtes closed-end private equity funds and invests \u2014 predo\u00admi\u00adnantly along\u00adside DBAG funds \u2014 in well-posi\u00adtio\u00adned medium-sized compa\u00adnies with poten\u00adtial. One focus for many years has been indus\u00adtry. An incre\u00adasing propor\u00adtion of equity invest\u00adments are in compa\u00adnies in the growth sectors of broad\u00adband tele\u00adcom\u00admu\u00adni\u00adca\u00adti\u00adons, IT services\/software and health\u00adcare. The long-term, value-enhan\u00adcing entre\u00adpre\u00adneu\u00adrial invest\u00adment approach makes DBAG a sought-after invest\u00adment part\u00adner in the German-spea\u00adking region. Assets mana\u00adged or advi\u00adsed by the DBAG Group amount to \u20ac2.5 billion.<\/p>\n","protected":false},"excerpt":{"rendered":" Frank\u00adfurt am Main \u2014 Sero GmbH (Sero), a company in the port\u00adfo\u00adlio of DBAG Fund VII, acqui\u00adres Solid Semecs B.V. Like Sero, the Dutch company is a deve\u00adlo\u00adp\u00adment and manu\u00adfac\u00adtu\u00adring service provi\u00adder for EMS (Elec\u00adtro\u00adnic Manu\u00adfac\u00adtu\u00adring Services, complete contract manu\u00adfac\u00adtu\u00adring of elec\u00adtro\u00adnic assem\u00adblies, devices and systems) and opera\u00adtes on the market as Semecs. DBAG Fund [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":37319,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369],"tags":[],"class_list":["post-43453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors","news-category-private-equity-news-en"],"yoast_head":"\n