ERIKS Holding Deutschland GmbH has sold Schmitztechnik GmbH to Lagercrantz Group AB
ERIKS Holding Deutschland GmbH has sold its subsidiary in Germany Schmitztechnik GmbH to Lagercrantz Group AB.
Schmitztechnik is a leading firm in several OEM segments with customized silicone-, rubber-, PUR- and industrial plastic products, mainly serving the German market.
Lagercrantz is a technology group offering world-leading, value-creating technology using either proprietary products or products from leading suppliers. The group consists of about 50 companies, each with a niche focus on a specific sub-sector. High value-creation is common to all subsidiaries, including a high degree of customization, support and services. Lagercrantz is active in seven countries in Europe and in China and the US. The group has more than 1,300 employees and revenues of approximately US$380 million. The company’s shares are listed on Nasdaq Stockholm since 2001.
“Lagercrantz acquires and develops successful companies in Northern Europe with a leading position in their niche. Schmitztechnik fits well into that description with a strong performance over many years”, says Jörgen Wigh, CEO of Lagercrantz Group.
ERIKS is an international industrial service provider, a multi-product specialist offering a wide range of high-quality mechanical engineering components and associated technical and logistics services. The company offers its products and services to the industrial end user based on its expertise in technology, its broad and deep knowledge of market developments, product properties, product applications, product processing, logistics and its state-of-the-art infrastructure. The group has branches in 18 countries and a workforce of approximately 7,500 employees, with a strong position in Western Europe, the US and Southeast Asia.
“For us, the reason to divest Schmitztechnik is strategically motivated. It gives ERIKS Germany room to further develop its core business. We believe that Lagercrantz Group, a reputable company, will offer a great platform for Schmitztechnik’s further development and growth,” says Simon Franken, CEO of ERIKS.
Oaklins’ team in Germany advised the seller. The teams in Denmark and the Netherlands supported this transaction.
Talk to the deal team
Related deals
Tekova Oyj has completed a technical listing on the Nasdaq First North Growth Market Finland
Tekova Oyj has successfully completed a technical listing (IPO) on the Nasdaq First North Growth Market Finland. This transaction marks a significant milestone in the company’s growth strategy, enhancing its visibility and access to capital markets.
Learn moreMark Climate Technology has acquired Heber GmbH
Heber GmbH has been acquired by Mark Climate Technology, a specialist in climate control systems and a portfolio company of Bolster Investment Partners. This partnership strengthens the positions of both companies in the global market for innovative and sustainable climate solutions, as well as creating unique synergies. Mark Climate's expertise in standardized, scalable solutions is enhanced by Heber's emphasis on customer-specific customization.
Learn moreVINCI Energies has acquired RH Marine and Bakker Sliedrecht
RH Marine and Bakker Sliedrecht have been acquired by VINCI Energies. With this transaction, VINCI Energies will gain market position in the Dutch maritime sector and strengthen its industrial portfolio.
Learn more