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ELECTRONICS & AUTOMATION

The field of automation covers all plants and components that function completely or partially without human intervention. At Aquin, this sector consists mainly of sensor technology, communication technology as well as control and measurement technology, as evidenced by impressive references and long-term cooperation with industry experts. In addition, the automation industry also includes machine vision technology and robotic components, such as positioners, drives and associated control software.

Selected Sub-sectors:
> E(D)MS
> Cables and Connectors
> Sensor & Measurement Technology
> Network and Telecommunication Technology
> Controls and Drives

Automation is key to digitalization and progressing towards Industry 4.0, which communicates data from manufacturing and production processes with integrated IT systems across the entire value chain. Megatrends, such as globalization, health awareness, environmental protection and an increasing level of prosperity can only be made possible through a higher level of automation in all aspects of our daily life. M&A activities play a central role for companies in the automation industry not only to protect competitive advantages, but also to help strengthen inorganic growth.

Applications of automation solutions can be found almost everywhere: from process plants to production lines, from ventilators and the monitoring of vital parameters to building control (smart home) and household appliances; from autopilots in cars, aircraft, ships and trains to safety equipment and maintenance monitoring.

Thanks to our network, partly due to the former activity of Dr. Jürgen Kuttruff as head of the RFID business at Infineon, as well as our contacts procured by our Senior Advisors, we have been able to implement a considerable number of projects for both medium-sized and large companies. As experts in the industry and regular partners in transactions, almost every door opens in the course of an active M&A process.

SENIOR ADVISOR

Mathias Bode - Senior Advisor Aquin
Mathias Bode
Automotive Testing & E-Mobility
AQUIN Link  Vita
Hans-Peter Metzler - Senior Advisor Aquin
Hans-Peter Metzler
Information & Communication Technology
AQUIN Link  Vita
Kilian Müller - Senior Advisor Aquin
Kilian Müller
Automation
AQUIN Link  Vita
Mathias Bode - Senior Advisor Aquin
Mathias Bode
Automotive Testing & E-Mobility
AQUIN Link  Vita
Hans-Peter Metzler - Senior Advisor Aquin
Hans-Peter Metzler
Informations- und Kommunikationstechnik
AQUIN Link  Vita

SELECTED REFERENCES

Key Terms

>   Effective June 29, 2020 a Singapore based investor consortium acquired 95 percent equity in Kümpers Composites GmbH & Co. KG.
>   Aquin was engaged by the shareholders of Kümpers Composites as the sole M&A advisor.

Strategic Logic

>   The acquisition has allowed the investors to secure the technological know-how, along with the perfected product quality from a leading manufacturer of reinforced carbon-fiber structural components.
>   Through the investment consortium, Kümpers Composites has gained access to the promising Asian composite and lightweight construction market. A production facility in Taicang, near Shanghai (China) is already under construction.
>   The managing director and co-owner Franz-Jürgen Kümpers has continued to manage the company post acquisition.
Logo_Kuempers_Foto

Kümpers Composites

>   Kümpers Composites GmbH & Co. KG, headquartered in Salzbergen-Holsterfeld (Germany), specializes in high-tech materials made out of carbon-, glass- and aramid fibers.
>   The company relies on its proven, perfected technology along with a fully automated, robot driven production, to deliver high-strength composite solutions to the automobile, aviation and wind power industries.

The Investment Group

> The investment consortium, based in Singapore, wishes to remain anonymous.

Key Terms

>   With effect from September 28, 2018, HORIBA Automotive Test Systems acquired FuelCon AG, one of the leading global suppliers of test and diagnostic systems for fuel cells and batteries.
>   Aquin acted as the exclusive M&A advisor to the founders and managing partners of FuelCon, Dr. Ingo Benecke and Mathias Bode.

Strategic Logic

>   With the sale, FuelCon gains access to HORIBA`s strong global network and is able to meet the growing customer demand for increasingly complex test requirements for the E-Mobility sector.
>   Together with HORIBA, FuelCon will achieve its strategic goal to significantly grow internationally (especially in Asia and in the US) much faster. The intention is to develop FuelCon as the worldwide central competence center for fuel cell and battery testing within the Group
Logo_FUELCON_Foto

FuelCon

>   The company FuelCon AG, founded in 2001, is a leading manufacturer and supplier of end-of-line and turnkey test bench systems for the E-Mobility sector, with strong expertise in battery and fuel cell applications.
>   FuelCon has an enviable reputation for design and assembly of precision high performance solutions and is trusted for its deep technical know-how by global OEMs, including among others BMW and Volkswagen, tier 1s as well as international research laboratories.
>   FuelCon is headquartered in Magdeburg-Barleben (Germany) and achieves an annual turnover of 14 million euros in 2018.

HORIBA

>   HORIBA Automotive Test System (part of HORIBA Group) is a leading supplier in the fields of engine, driveline, brake and emissions test systems for all industries using electric motors, internal combustion engines and turbines. These include the automotive, heavy-duty, off-road, consumer goods, marine, aerospace and locomotive sectors.
>   HORIBA Group, listed on the Tokyo Stock Exchange with annual revenues of 1.5 billion euros in 2017, is a global leading supplier of measurement technology and systems for various fields from automotive testing, process and environmental monitoring, in-vitro medical diagnostics, semiconductor manufacturing and metrology to scientific R&D and QC measurements.

Key Terms

>   With effect of August 7, 2017, SHW Automotive GmbH, a member of the listed SHW-Group, acquired 100% of the shares of Lust Hybrid-Technik GmbH, a provider of electronic- and microsystem solutions.
>   Aquin acted as exclusive M&A-advisor to SHW AG.

Strategic Logic

>   »This is a forward-looking transaction for SHW«, says Dr. Frank Boshoff, CEO of SHW AG. With this acquisition SHW AG optimizes the degree of vertical integration in its electric pumps business and strengthens its competitive position in the field of electromobility.
>   Through the synergies resulting from the acquisition, Lust Hybrid-Technik GmbH will be capable of realizing existing growth potentials.
Logo_SHW_Foto

SHW AG

>   The enterprise was founded in 1365 making it one of the oldest industrial companies in Germany.
>   Today, SHW is one of the leading automobile suppliers. Renowned automobile manufacturers as well as manufacturers of utility vehicles, agricultural machinery and construction equipment along with other suppliers of the automotive industry are part of its customer base.
>   With two business segments, Pumps and Engine Components, as well as Brake Discs, SHW currently has four manufacturing sites in Germany.
>   With around 1,250 employees, the company generated group sales of more than 400 million euros in fiscal year 2016.

Lust Hybrid-Technik GmbH

>   The range of services offered by Lust Hybrid-Technik GmbH, located in Hermsdorf (Germany), includes the entire contract production of electronic modules in the field of Electronics Design and Manufacturing Services – all the way from designing the components to process development and circuit board assembly to complex testing concepts and worldwide distribution.
>   Lust Hybrid-Technik has about 90 employees and generated consolidated sales of nearly 10 million euros in 2016.

Key Terms

>   With effect from January 14, 2016, Ambienta acquired the Mikrotron GmbH, one of the leading providers of high-speed cameras for industrial image processing.
>   Aquin acted as the exclusive M&A advisor to Ambienta.

Strategic Logic

>   This transaction is part of Ambienta‘s strategy to establish itself as one of the leading European suppliers for industrial image processing (LakeSight).
>   The cornerstone of the project LakeSight was laid in 2012 with the acquisition of Tattile, a supplier of industrial machine vision solutions from northern Italy. The acquisition of Mikrotron represents another important step towards becoming a provider of image-processing systems at a global scale.
>   In the medium term, and as a result of the consolidation of smaller but innovative companies, LakeSight should be able to achieve an annual turnover of about 50 million euros with the global export of innovative high-quality products.
Logo_AMBIENTA_Foto

Mikrotron

>   Mikrotron GmbH, founded in 1976, ranks among the leading manufacturers of high-speed cameras and recording systems for various applications in many different industries.
>   The company offers a wide range of products and has an extensive network of major customers, who are serviced through consistently expanded international distribution channels.
>   Mikrotron employs about 35 people and has an annual turnover of about 10 million euros.

Ambienta

>   Ambienta is a leading European private equity fund located in Milan, Düsseldorf and London.
>   Ambienta invests in businesses with a strategic focus on resource and energy efficiency as well as the reduction and prevention of environmental pollution.
>   With an equity capital of more than 500 million euros, Ambienta has already invested in 18 companies in the field of environmental engineering.

Key Terms

>   With effect from May 3, 2011, Hagemeyer Deutschland GmbH & Co. KG, a leading wholesaler of electronical goods and equipment, acquired TEGRO Technische Elektro-Großhandels GmbH, a distributor of electrical products from the owner family.
>   Aquin acted as the M&A advisor to Rexel SA, parent company of Hagemeyer.

Strategic Logic

>   With the acquisition, Rexel will strengthen its local market presence in North Rhine-Westphalia, a region with strong potential, and increase its exposure to the industrial end-market, as 80% of the newly acquired company’s sales come from industrial companies.
Logo_REXEL_HAGEMEYER_Foto

TEGRO

>   TEGRO Technische Elektro-Großhandels GmbH, based in Freudenberg (Germany), distributes electrical products.
>   TEGRO employs about 26 people and generated revenues of 10 million euros in 2010.

Hagemeyer

>   Hagemeyer Deutschland GmbH & Co. KG operates as a wholesaler of electrical goods and equipment in the segments of electrical installation, illumination, domestic engineering, electric appliances, data- and network technology as well as telecommunication.
>   The company was formerly known as ETG Fröschl GmbH & Co. KG and was founded in 1920. Hagemeyer is based in Munich (Germany) and operates as a subsidiary of Rexel SA.

Rexel

>   Rexel is a global leader in the distribution of electrical supplies. The Group operates in 37 countries, with a network of some 2,100 branches, and employs over 28,000 people.
>   Rexel`s sales were 12.7 billion euros in 2011.

Key Terms

>   Effective June 29, 2020 a Singapore based investor consortium acquired 95 percent equity in Kümpers Composites GmbH & Co. KG.
>   Aquin was engaged by the shareholders of Kümpers Composites as the sole M&A advisor.

Strategic Logic

>   The acquisition has allowed the investors to secure the technological know-how, along with the perfected product quality from a leading manufacturer of reinforced carbon-fiber structural components.
>   Through the investment consortium, Kümpers Composites has gained access to the promising Asian composite and lightweight construction market. A production facility in Taicang, near Shanghai (China) is already under construction.
>   The managing director and co-owner Franz-Jürgen Kümpers has continued to manage the company post acquisition.
Logo_Kuempers_Foto

Kümpers Composites

>   Kümpers Composites GmbH & Co. KG, headquartered in Salzbergen-Holsterfeld (Germany), specializes in high-tech materials made out of carbon-, glass- and aramid fibers.
>   The company relies on its proven, perfected technology along with a fully automated, robot driven production, to deliver high-strength composite solutions to the automobile, aviation and wind power industries.

The Investment Group

> The investment consortium, based in Singapore, wishes to remain anonymous.

Key Terms

>   With effect from September 28, 2018, HORIBA Automotive Test Systems acquired FuelCon AG, one of the leading global suppliers of test and diagnostic systems for fuel cells and batteries.
>   Aquin acted as the exclusive M&A advisor to the founders and managing partners of FuelCon, Dr. Ingo Benecke and Mathias Bode.

Strategic Logic

>   With the sale, FuelCon gains access to HORIBA`s strong global network and is able to meet the growing customer demand for increasingly complex test requirements for the E-Mobility sector.
>   Together with HORIBA, FuelCon will achieve its strategic goal to significantly grow internationally (especially in Asia and in the US) much faster. The intention is to develop FuelCon as the worldwide central competence center for fuel cell and battery testing within the Group
Logo_FUELCON_Foto

FuelCon

>   The company FuelCon AG, founded in 2001, is a leading manufacturer and supplier of end-of-line and turnkey test bench systems for the E-Mobility sector, with strong expertise in battery and fuel cell applications.
>   FuelCon has an enviable reputation for design and assembly of precision high performance solutions and is trusted for its deep technical know-how by global OEMs, including among others BMW and Volkswagen, tier 1s as well as international research laboratories.
>   FuelCon is headquartered in Magdeburg-Barleben (Germany) and achieves an annual turnover of 14 million euros in 2018.

HORIBA

>   HORIBA Automotive Test System (part of HORIBA Group) is a leading supplier in the fields of engine, driveline, brake and emissions test systems for all industries using electric motors, internal combustion engines and turbines. These include the automotive, heavy-duty, off-road, consumer goods, marine, aerospace and locomotive sectors.
>   HORIBA Group, listed on the Tokyo Stock Exchange with annual revenues of 1.5 billion euros in 2017, is a global leading supplier of measurement technology and systems for various fields from automotive testing, process and environmental monitoring, in-vitro medical diagnostics, semiconductor manufacturing and metrology to scientific R&D and QC measurements.

Key Terms

>   With effect of August 7, 2017, SHW Automotive GmbH, a member of the listed SHW-Group, acquired 100% of the shares of Lust Hybrid-Technik GmbH, a provider of electronic- and microsystem solutions.
>   Aquin acted as exclusive M&A-advisor to SHW AG.

Strategic Logic

>   »This is a forward-looking transaction for SHW«, says Dr. Frank Boshoff, CEO of SHW AG. With this acquisition SHW AG optimizes the degree of vertical integration in its electric pumps business and strengthens its competitive position in the field of electromobility.
>   Through the synergies resulting from the acquisition, Lust Hybrid-Technik GmbH will be capable of realizing existing growth potentials.
Logo_SHW_Foto

SHW AG

>   The enterprise was founded in 1365 making it one of the oldest industrial companies in Germany.
>   Today, SHW is one of the leading automobile suppliers. Renowned automobile manufacturers as well as manufacturers of utility vehicles, agricultural machinery and construction equipment along with other suppliers of the automotive industry are part of its customer base.
>   With two business segments, Pumps and Engine Components, as well as Brake Discs, SHW currently has four manufacturing sites in Germany.
>   With around 1,250 employees, the company generated group sales of more than 400 million euros in fiscal year 2016.

Lust Hybrid-Technik GmbH

>   The range of services offered by Lust Hybrid-Technik GmbH, located in Hermsdorf (Germany), includes the entire contract production of electronic modules in the field of Electronics Design and Manufacturing Services – all the way from designing the components to process development and circuit board assembly to complex testing concepts and worldwide distribution.
>   Lust Hybrid-Technik has about 90 employees and generated consolidated sales of nearly 10 million euros in 2016.

Key Terms

>   With effect from January 14, 2016, Ambienta acquired the Mikrotron GmbH, one of the leading providers of high-speed cameras for industrial image processing.
>   Aquin acted as the exclusive M&A advisor to Ambienta.

Strategic Logic

>   This transaction is part of Ambienta‘s strategy to establish itself as one of the leading European suppliers for industrial image processing (LakeSight).
>   The cornerstone of the project LakeSight was laid in 2012 with the acquisition of Tattile, a supplier of industrial machine vision solutions from northern Italy. The acquisition of Mikrotron represents another important step towards becoming a provider of image-processing systems at a global scale.
>   In the medium term, and as a result of the consolidation of smaller but innovative companies, LakeSight should be able to achieve an annual turnover of about 50 million euros with the global export of innovative high-quality products.
Logo_AMBIENTA_Foto

Mikrotron

>   Mikrotron GmbH, founded in 1976, ranks among the leading manufacturers of high-speed cameras and recording systems for various applications in many different industries.
>   The company offers a wide range of products and has an extensive network of major customers, who are serviced through consistently expanded international distribution channels.
>   Mikrotron employs about 35 people and has an annual turnover of about 10 million euros.

Ambienta

>   Ambienta is a leading European private equity fund located in Milan, Düsseldorf and London.
>   Ambienta invests in businesses with a strategic focus on resource and energy efficiency as well as the reduction and prevention of environmental pollution.
>   With an equity capital of more than 500 million euros, Ambienta has already invested in 18 companies in the field of environmental engineering.

Key Terms

>   With effect from May 3, 2011, Hagemeyer Deutschland GmbH & Co. KG, a leading wholesaler of electronical goods and equipment, acquired TEGRO Technische Elektro-Großhandels GmbH, a distributor of electrical products from the owner family.
>   Aquin acted as the M&A advisor to Rexel SA, parent company of Hagemeyer.

Strategic Logic

>   With the acquisition, Rexel will strengthen its local market presence in North Rhine-Westphalia, a region with strong potential, and increase its exposure to the industrial end-market, as 80% of the newly acquired company’s sales come from industrial companies.
Logo_REXEL_HAGEMEYER_Foto

TEGRO

>   TEGRO Technische Elektro-Großhandels GmbH, based in Freudenberg (Germany), distributes electrical products.
>   TEGRO employs about 26 people and generated revenues of 10 million euros in 2010.

Hagemeyer

>   Hagemeyer Deutschland GmbH & Co. KG operates as a wholesaler of electrical goods and equipment in the segments of electrical installation, illumination, domestic engineering, electric appliances, data- and network technology as well as telecommunication.
>   The company was formerly known as ETG Fröschl GmbH & Co. KG and was founded in 1920. Hagemeyer is based in Munich (Germany) and operates as a subsidiary of Rexel SA.

Rexel

>   Rexel is a global leader in the distribution of electrical supplies. The Group operates in 37 countries, with a network of some 2,100 branches, and employs over 28,000 people.
>   Rexel`s sales were 12.7 billion euros in 2011.

CONTACT

AQUIN - Dr. Jürgen Kuttruff
Jürgen Kuttruff
Vorstand
AQUIN Link  e-mail contact
AQUIN Link  Vita
Thomas Grauvogl - Aquin
Thomas Grauvogl
Managing Director
AQUIN Link  e-mail contact
AQUIN Link  Vita
Bennet Former - Aquin
Bennet Former
Associate
AQUIN Link  e-mail contact
AQUIN Link  Vita
Jürgen Kuttruff - Aquin
Jürgen Kuttruff
Vorstand
AQUIN Link  e-mail contact
AQUIN Link  Vita
Thomas Grauvogl - Aquin
Sven Gräber
Principal
AQUIN Link  e-mail contact
AQUIN Link  Vita
Bennet Former - Aquin
Bennet Former
Associate
AQUIN Link  e-mail contact
AQUIN Link  Vita