Solarpark Blautal has sold a majority stake in centrotherm international AG to ARDIAN / Silian Partners

centrotherm international AG

centrotherm international AG is a leading German provider of high-temperature thermal processing and coating equipment for the semiconductor, microelectronics and photovoltaic industries. Headquartered in Blaubeuren, Germany, the company serves a global blue-chip customer base across advanced semiconductor manufacturing, solar cell production and related high-tech applications. With a strong heritage spanning more than 70 years, centrotherm is recognized for its technological expertise in diffusion, oxidation and PECVD processes, as well as for its high-precision engineering capabilities. The company has built a strong reputation for innovation, reliability and long-term customer partnerships, supported by deep process know-how and a comprehensive service offering.

The Deal

As part of the transaction, Ardian acquired a 90% majority stake from Solarpark Blautal GmbH through its dedicated semiconductor investment platform, while the founding shareholders remain indirectly invested, ensuring continuity and long-term alignment. The existing management team, led by Jan von Schuckmann and Dr. Helge Haverkamp, will continue to lead the business.

The acquisition marks a strategic investment for Ardian to further expand its exposure to the European semiconductor equipment ecosystem. With complementary strengths, a shared long-term perspective and a strong focus on innovation, operational excellence and customer proximity, the partnership is well-positioned to support centrotherm’s continued growth and international development.

The sale of centrotherm international AG adds to Lincoln International’s strong track record of cross-border transactions in the industrial technology and semiconductor equipment sector and highlights our expertise in advising high-quality, founder- and family-owned industrial businesses across Europe. The transaction reflects the continued momentum in Lincoln’s Industrials Group and underscores the team’s ability to successfully execute complex carve-out and majority stake transactions involving global strategic and financial investors.

Our Perspective

Friedrich Bieselt, Managing Director at Lincoln International who led the transaction, commented, “By leveraging our deep industrial technology expertise and global semiconductor network, we engaged a highly focused group of strategic and financial investors early in the process. This targeted approach enabled an efficient and competitive transaction and delivered an excellent outcome for our client.”

Solarpark Blautal GmbH

Solarpark Blautal GmbH is a long-term oriented investment vehicle associated with Robert Hartung, former majority shareholder of centrotherm international AG. Over multiple years, the seller supported centrotherm’s strategic and operational development and its positioning as a leading European provider of high-temperature thermal processing and coating equipment for the semiconductor and photovoltaic industries.

As part of the transaction, Solarpark Blautal sold a 90% majority stake to Ardian while reinvesting and remaining indirectly invested, underlining its continued confidence in centrotherm’s long-term strategy, technology leadership and growth potential.

Ardian Semiconductor

Ardian Semiconductor is a specialized private equity investment platform dedicated to the semiconductor industry, established by Ardian in partnership with Silian Partners, a team of highly experienced senior executives from the global semiconductor ecosystem. Together, the partners combine deep industry expertise, long-standing relationships and strong operational capabilities to support technology-driven companies in scaling into global market leaders. Ardian Semiconductor focuses on long-term value creation and is positioned to benefit from the structural growth of the semiconductor industry, a key enabler of digitalization, artificial intelligence and the global energy transition.

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