Andra Tech Group, a group of companies focused on manufacturing mechanical components and a portfolio company of Equistone Partners Europe, has acquired Mayer Feintechnik GmbH, a provider of precision metalworking in Germany.
Mayer Feintechnik develops and manufactures precision parts, systems and components in small- and medium-sized batches. The company serves a range of customers in technology sectors, including optics, lasers, medtech and semiconductors. The deal expands ATG’s portfolio into the German market. Former Mayer Feintechnik shareholder and CEO Frank Neuschulz, who sold his majority stake as part of the transaction, will reinvest in ATG.
“We are looking forward to working together with the employees and management of Mayer Feintechnik to support and grow the business and our customers,” states Geert Ketaleers, CEO of ATG. “Mayer Feintechnik’s strong foothold in Germany is an important first step in the realization of our ambition to grow the Andra Tech Group internationally. ”
Equistone was advised on the transaction by De Angelis and Allen & Overy (Legal), PwC (FDD & Tax) and Livingstone (M&A).