Ardian, a private investment house, has acquired a majority stake in Liftket Group from Afinum.

Founded in 1948 in Wurzen, Germany, Liftket is a European supplier of electric chain hoists and control systems for senstive uses. Today, the complay employs 300 people across the development, production and sale of its products. The group operates internationally and serves over 800 customers in Europe, North America and other countries and regions. As part of the transaction, Liftket’s management team, led by CEO Jürgen Dlugi, will reinvest in the company. Afinum will continue to support the company as a minority shareholder.

“Combined with the company’s strong performance, its broadly diversified customer base, which operates in growing markets such as the stage sector, and the fragmentation of its international markets, has created significant growth opportunities,” states Marc Abadir, managing director, expansion at Ardian. “We look forward to working with the management team through this exciting period of expansion.”