Tuttlingen\/ Munich \u2014 The share\u00adhol\u00adders of HSTEC d.d. in Zadar\/Croatia, system part\u00adner for inno\u00adva\u00adtive spindle drive tech\u00adno\u00adlogy for CNC machine tools, for fixtures as well as for spindle services and repair, have sold 90% of their company shares to the CHIRON Group. The company, head\u00adquar\u00adte\u00adred in Tutt\u00adlin\u00adgen, Germany, specia\u00adli\u00adzes in CNC-control\u00adled verti\u00adcal milling and mill-turn machi\u00adning centers as well as turn\u00adkey and auto\u00adma\u00adtion solu\u00adti\u00adons. Proven\u00adtis Part\u00adners and Inter\u00adCa\u00adpi\u00adtal were the exclu\u00adsive advi\u00adsors to HSTEC on this transaction.<\/p>\n
The tran\u00adsac\u00adtion<\/strong> The name HSTEC stands for High Speed Tech\u00adni\u00adque, for system compe\u00adtence in the deve\u00adlo\u00adp\u00adment, design and manu\u00adfac\u00adture of high-speed motor spind\u00adles for deman\u00adding machi\u00adning opera\u00adti\u00adons. Clam\u00adping devices for machine tools and auto\u00adma\u00adtion solu\u00adti\u00adons complete the port\u00adfo\u00adlio. In addi\u00adtion, HSTEC is a leader in spindle services and repair for its own products and other manu\u00adfac\u00adtu\u00adr\u00aders\u2019 spindles.<\/p>\n With this acqui\u00adsi\u00adtion, the CHIRON Group expands its capa\u00adci\u00adties and streng\u00adthens three areas of exper\u00adtise: the holi\u00adstic deve\u00adlo\u00adp\u00adment, produc\u00adtion and assem\u00adbly of the key compon\u00adents motor spind\u00adles and turning spind\u00adles for the Group\u2019s machi\u00adning centers. Turn\u00adkey projects can be even better desi\u00adgned accor\u00adding to custo\u00admer speci\u00adfi\u00adca\u00adti\u00adons with HSTEC\u2019s work\u00adhol\u00adding fixtures. In addi\u00adtion, the CHIRON Group supple\u00adments its services world\u00adwide with the area of repair, over\u00adhaul and opti\u00admiza\u00adtion of all motor spind\u00adles in exis\u00adting machines.<\/p>\n With the future CHIRON Croa\u00adtia, the CHIRON Group is present in Eastern Europe with another company of its own, can serve custo\u00admers in the region even better and will succes\u00adsi\u00advely deve\u00adlop the loca\u00adtion in Zadar. The more than 100 employees, 25 of them in engi\u00adnee\u00adring alone, increase the number of Group employees world\u00adwide to around 1,900. The role of Proven\u00adtis Partners<\/strong> The role of InterCapital<\/strong> About HSTEC HSTEC employs over 100 people, 25 of whom work in engi\u00adnee\u00adring alone. The company has agen\u00adcies in Germany, USA and China and is the repre\u00adsen\u00adta\u00adtive of Balluff, Bosch Rexroth, Hofmann and Mitutoyo for the Croa\u00adtian market. www.hstec.hr<\/p>\n About the CHIRON Group<\/strong> The CHIRON Group carries the brands CHIRON, STAMA and FACTORY5 for new machi\u00adnes, GREIDENWEIS for auto\u00adma\u00adtion, CMS for machine over\u00adhauls and HSTEC for motor spind\u00adles and fixtures. The machi\u00adning centers from CHIRON stand for the highest dyna\u00admics and precis\u00adion. STAMA focu\u00adses on stabi\u00adlity and complete machi\u00adning, while FACTORY5 focu\u00adses on high-speed machi\u00adning of micro-engi\u00adnee\u00adred compon\u00adents. GREIDENWEIS is a system part\u00adner for indi\u00advi\u00addual, inte\u00adgra\u00adted auto\u00adma\u00adtion solu\u00adti\u00adons, CMS offers comple\u00adtely over\u00adhau\u00adled machi\u00adnes of the group. HSTEC specia\u00adli\u00adzes in the manu\u00adfac\u00adtu\u00adring and repair of high speed motor spind\u00adles and fixtures. Products and solu\u00adti\u00adons for addi\u00adtive manu\u00adfac\u00adtu\u00adring comple\u00adment the core compe\u00adten\u00adcies of the CHIRON Group. About Proven\u00adtis Partners<\/strong> About Inter\u00adCa\u00adpi\u00adtal<\/strong> Tuttlingen\/ Munich \u2014 The share\u00adhol\u00adders of HSTEC d.d. in Zadar\/Croatia, system part\u00adner for inno\u00adva\u00adtive spindle drive tech\u00adno\u00adlogy for CNC machine tools, for fixtures as well as for spindle services and repair, have sold 90% of their company shares to the CHIRON Group. The company, head\u00adquar\u00adte\u00adred in Tutt\u00adlin\u00adgen, Germany, specia\u00adli\u00adzes in CNC-control\u00ad\u00adled verti\u00adcal milling and mill-turn [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":45689,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1371,1377,2635],"tags":[],"class_list":["post-45694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-deals-en","category-corporate-finance-ma","category-corporate-finance-mergers-acquisitions-en-en"],"yoast_head":"\n
\nThe share\u00adhol\u00adders of HSTEC, which was foun\u00added in 1997, had deci\u00added to sell their shares as part of succes\u00adsion plan\u00adning. With the CHIRON Group, an ideal stra\u00adte\u00adgic inves\u00adtor could be found for the company, which can accom\u00adpany HSTEC in its further growth with a world\u00adwide sales network and high tech\u00adni\u00adcal compe\u00adtence in machine tool cons\u00adtruc\u00adtion. With today\u2019s acqui\u00adsi\u00adtion of 90 percent of the Croa\u00adtian HSTEC, the CHIRON Group, head\u00adquar\u00adte\u00adred in Tutt\u00adlin\u00adgen, Germany, is consis\u00adt\u00adently pursuing its global growth strategy.<\/p>\n
\nThe previous CEO, Mladen \u0160arlija, will serve as Mana\u00adging Direc\u00adtor of CHIRON Croa\u00adtia in the future. HSTEC\u2019s agen\u00adcies in Germany, the USA and China will remain in place, as will the repre\u00adsen\u00adta\u00adtive offices of Balluff, Bosch Rexroth, Hofmann and Mitutoyo for the Croa\u00adtian market.
\nHSTEC will be contin\u00adued as a brand and will join the CHIRON Group brand network: CHIRON, STAMA, FACTORY5, CMS, GREIDENWEIS, HSTEC.<\/p>\n
\nProven\u00adtis Part\u00adners, toge\u00adther with Inter\u00adCa\u00adpi\u00adtal as exclu\u00adsive M&A advi\u00adsor, compre\u00adhen\u00adsi\u00advely supported HSTEC in all phases of the prepa\u00adra\u00adtion and imple\u00admen\u00adta\u00adtion of the tran\u00adsac\u00adtion in the DACH region. In addi\u00adtion to the imple\u00admen\u00adta\u00adtion of a struc\u00adtu\u00adred sales process, the consul\u00adting services included the iden\u00adti\u00adfi\u00adca\u00adtion and approach of poten\u00adtial inves\u00adtors as well as support in the due dili\u00adgence and nego\u00adtia\u00adtion of the tran\u00adsac\u00adtion. This tran\u00adsac\u00adtion enab\u00adled Proven\u00adtis Part\u00adners to once again demons\u00adtrate its exper\u00adtise in the auto\u00adma\u00adtion, services in produc\u00adtion and digi\u00adtal solu\u00adti\u00adons segment. The tran\u00adsac\u00adtion was led by Dr. Axel Deich (Asso\u00adciate Part\u00adner, Munich) at Proven\u00adtis Partners.<\/p>\n
\nInter\u00adCa\u00adpi\u00adtal, toge\u00adther with Proven\u00adtis Part\u00adners, acted as exclu\u00adsive M&A advi\u00adsor to HSTEC, provi\u00adding compre\u00adhen\u00adsive support in all phases of the prepa\u00adra\u00adtion and imple\u00admen\u00adta\u00adtion of the tran\u00adsac\u00adtion. In addi\u00adtion to the imple\u00admen\u00adta\u00adtion of a struc\u00adtu\u00adred sales process, the consul\u00adting services included the prepa\u00adra\u00adtion of marke\u00adting and tran\u00adsac\u00adtion docu\u00adments, iden\u00adti\u00adfi\u00adca\u00adtion and approa\u00adching of poten\u00adtial inves\u00adtors as well as support in the due dili\u00adgence and nego\u00adtia\u00adtion of the tran\u00adsac\u00adtion. The tran\u00adsac\u00adtion team at Inter\u00adCa\u00adpi\u00adtal consis\u00adted of Andrej Erja\u00advec, Filip D\u017eanko and Petra Muci\u0107.<\/p>\n
\n<\/strong>
\nHSTEC is a system part\u00adner for inno\u00adva\u00adtive spindle drive tech\u00adno\u00adlogy for CNC machine tools, for fixtures and for spindle services and repair. The name HSTEC stands for High Speed Tech\u00adni\u00adque, for system compe\u00adtence in the deve\u00adlo\u00adp\u00adment, design and manu\u00adfac\u00adture of high-speed motor spind\u00adles for deman\u00adding machi\u00adning opera\u00adti\u00adons. Clam\u00adping devices for machine tools and auto\u00adma\u00adtion solu\u00adti\u00adons complete the port\u00adfo\u00adlio. In addi\u00adtion, HSTEC is a leader in spindle services and repair for its own products and other manu\u00adfac\u00adtu\u00adr\u00aders\u2019 spindles.<\/p>\n
\nThe CHIRON Group, head\u00adquar\u00adte\u00adred in Tutt\u00adlin\u00adgen, Germany, is a specia\u00adlist for CNC-control\u00adled verti\u00adcal milling and milling-turning machi\u00adning centers as well as turn\u00adkey and auto\u00adma\u00adtion solu\u00adti\u00adons. Compre\u00adhen\u00adsive services, digi\u00adtal solu\u00adti\u00adons and products for addi\u00adtive manu\u00adfac\u00adtu\u00adring complete the port\u00adfo\u00adlio. The Group has a global presence with produc\u00adtion and deve\u00adlo\u00adp\u00adment sites, sales and service bran\u00adches, and commer\u00adcial agen\u00adcies. Around two thirds of the machi\u00adnes and solu\u00adti\u00adons sold are expor\u00adted. Key user indus\u00adtries are the auto\u00admo\u00adtive indus\u00adtry, mecha\u00adni\u00adcal engi\u00adnee\u00adring, medi\u00adcal and precis\u00adion engi\u00adnee\u00adring, aero\u00adspace and tool manufacturing.<\/p>\n
\nFurther infor\u00adma\u00adtion about the CHIRON Group can be found at https:\/\/chiron-group.com\/de.<\/p>\n
\nProven\u00adtis Part\u00adners is a part\u00adner-led M&A advi\u00adsory firm whose clients include a majo\u00adrity of mid-sized family busi\u00adnesses, corpo\u00adrate subsi\u00addia\u00adries and private equity funds. With more than 30 M&A advi\u00adsors, Proven\u00adtis Part\u00adners is one of the largest inde\u00adpen\u00addent M&A consul\u00adtancies in the German-spea\u00adking region and looks back on more than 20 years of M&A expe\u00adri\u00adence and well over 300 comple\u00adted tran\u00adsac\u00adtions. The M&A consul\u00adtants with offices in D\u00fcssel\u00addorf, Hamburg, Munich and Zurich are active in the sectors Indus\u00adtri\u00adals & Chemi\u00adcals, Busi\u00adness Services, Consu\u00admer & Retail, TMT, Health\u00adCare and Energy & Sustaina\u00adbi\u00adlity. Exclu\u00adsive member\u00adship in Mergers Alli\u00adance \u2014 an inter\u00adna\u00adtio\u00adnal part\u00adner\u00adship of leading M&A specia\u00adlists \u2014 enables Proven\u00adtis Part\u00adners to assist clients in 30 count\u00adries in key markets world\u00adwide. The members of the Mergers Alli\u00adance, with its more than 200 M&A profes\u00adsio\u00adnals, provide Proven\u00adtis Part\u00adners and thus its clients with unique access to local markets in Europe, North America, Latin America, Asia and Africa. With 116 successfully comple\u00adted tran\u00adsac\u00adtions tota\u00adling appro\u00adxi\u00adm\u00adately $4.5 billion in 2021, Mergers Alli\u00adance is one of the worl\u00add\u2019s most successful finan\u00adcial advi\u00adsors in tran\u00adsac\u00adtions up to $500 million. www.proventis.com<\/p>\n
\nInter\u00adCa\u00adpi\u00adtal is the leading inde\u00adpen\u00addent advi\u00adsor for the support, struc\u00adtu\u00adring and execu\u00adtion of M&A and capi\u00adtal markets tran\u00adsac\u00adtions in the SEE region. Inter\u00adCa\u00adpi\u00adtal supports a wide range of inter\u00adna\u00adtio\u00adnal and dome\u00adstic corpo\u00adrate and insti\u00adtu\u00adtio\u00adnal clients with stra\u00adte\u00adgic and finan\u00adcial advice and smooth tran\u00adsac\u00adtion execu\u00adtion. Their exper\u00adtise is based on their compre\u00adhen\u00adsive under\u00adstan\u00adding of the regio\u00adnal markets, their speci\u00adfic indus\u00adtry know\u00adledge and their expe\u00adri\u00adence from nume\u00adrous corpo\u00adrate finance projects in which they have been invol\u00adved. https:\/\/inter.capital\/<\/p>\n","protected":false},"excerpt":{"rendered":"