Crowe BPG advises PINOVA on investment in Asutec GmbH
Funds advised by PINOVA Capital GmbH (“PINOVA”) have acquired a majority stake in Asutec GmbH (“Asutec”), based in Nürtingen, Germany.
ASUTEC is a leading global manufacturer of damping and stop modules for transfer systems in automation technology. The extended product portfolio also includes grippers and gripping systems, which are used in particular in robotics, plant engineering and assembly handling.
With a high degree of vertical integration, Asutec covers the entire process chain from development and production to customer-specific adaptation, thus ensuring the highest quality standards for industrial automation processes in various end industries.
The company has been developing and producing in Nürtingen, Baden-Württemberg, since 2010. Many years of experience coupled with the highest manufacturing quality and reliability have established Asutec as a preferred partner for system integrators and OEMs in automation technology. Asutec has a broad international customer base.
PINOVA is an independent investment company that invests in industrial tech companies (high-tech components, innovative materials and smart systems) in German-speaking countries with its managed funds. PINOVA focuses on medium-sized companies with revenues between €10 million and €50 million that are characterized by significant growth potential, sustainable competitive advantages and a strong market position in their niche.
The Crowe BPG team (crowe-bpg.de), which was responsible for the financial due diligence and economic advice, consisted of Andreas Hoffmann, WP and Partner (overall management) and Holger Redle, Senior Associate (Financial). The tax due diligence and tax advice was provided by Crowe Kleeberg (kleeberg.de) from Munich. The tax team included Dr. Lars Lüdemann, StB and responsible partner, and Arzum Esterhammer, StB and manager.
Source: Deal Advisors by Majunke
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