BPE Unternehmensbeteiligungen has sold StrikoWestofen Beteiligungs to AUCTUS
Funds advised by AUCTUS have bought StrikoWestofen Beteiligungs GmbH. The terms of the transaction were not disclosed.
StrikoWestofen is the innovation and market leader in the development and production of melting- and dosing furnaces for the growing aluminum casting market. With more than 130 employees at sites in Germany, Poland, United Kingdom, USA and China the Company achieves sales of approximately Euro 50 million. StrikoWestofen supplies foundries on a global base with high-quality thermal processing technology that clearly differentiates itself from the competitor´s technology in terms of operating cost, energy efficiency and longevity. The competences and expertise both in product and service are the fundaments of StrikoWestofen´s market leading position and the reason for the Company´s status as preferred supplier of aluminum foundry equipment for decades.
AUCTUS and Management aim to strengthen the Company´s technological lead and expand StrikoWestofen´s market position in North America and the fast-growing Asian market, in which the Company is already present with own production and sales capacities.
BPE is a Hamburg, Germany based private equity firm specializing in the financing of management-buyout and -buyin transactions of German mid-market companies since its foundation in 1998.
Lincoln International was mandated by the Shareholders as exclusive financial advisor for the sale.
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