Partnerfonds AG: Schaeffler AG acquires Elmotec Statomat GmbH
Planegg, 4 December 2018 – Schaeffler AG, a supplier of automotive and industrial companies based in Herzogenaurach, has announced the acquisition of Elmotec Statomat GmbH, a leading producer of manufacturing machines for electric motors.
“We are extremely pleased to see how Elmotec Statomat has been able to further strengthen its position among the leading international suppliers of machines for the manufacturing of stators since our entry, and how it is proceeding on its growth path as a technology leader within the Schaeffler group. The successful development of this company and the ultimate sale are testament to our expertise in handling high-growth hidden champions in the industrial SME sector," says Oliver Kolbe, CEO of PartnerFonds AG.
PartnerFonds AG acquired a silent partnership interest in Elmotec Statomat of Karben through a growth financing transaction launched in 2016.
About PartnerFonds AG
As an industrial holding company of the SME sector, PartnerFonds AG - and its public subsidiary Blue Cap AG (WKN: A0JM2M) - invest in medium-sized enterprises with an industrial focus and a high growth potential, seeking to secure their long-term stability and advancement. In line with this "buy, hold & develop" strategy, our subsidiaries are independent business entities operating under the umbrella of PartnerFonds AG to form a strong group of medium-sized companies with an industrial bias.
Investments are focused on majority stakeholdings of companies in the German-speaking region. Our target companies typically generate sales revenues in the range of EUR 10 to 100 million and have a profitable and robust core business.
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