Former investment

as electronics

  • Sector: Industry

  • Industry: Electronic control systems (EMS)

  • Transaction type: Owner buy-out, succession

  • Country: Germany

business model: as electronics specializes in the development and production of intelligent electronic control systems (EMS). The company employs around 65 people, most of whom are technically trained, and is based in Großbettlingen in the south of Germany. The company develops electronic components and systems according to individual customer requirements. The service offered covers all production and test steps, from the procurement of raw materials, product design, prototype construction and complete project management through to logistics for the customer. he electronics division concentrates primarily on development and planning and ensures high-quality production through an extensive network of external production partners in Germany and Eastern Europe.

Investment consideration: as electronics operated in the large and growing market for electronic manufacturing services (EMS), which offered strong growth potential, not least due to the ongoing outsourcing trend. Thanks to the focus on development services and the low demand for production facilities, continuous sales growth combined with above-average profitability has been achieved over the years. Stable and long-term customer relationships with over 100 customers from 14 different sectors and a high proportion of variable costs enable the company to be highly independent of economic cycles. Based on these competitive advantages, the company was highly attractive to potential strategic buyers.

Increase in value: Following a coordinated transition phase with the previous owners, the position of CEO was filled by an experienced industry manager. In addition, the organizational structure was redesigned, the second management level was increased in terms of personnel and new reporting systems were introduced.

Taking into account the available equipment, all customer-related processes, including development, order processing, quality control and repairs and also to implement a revised working capital management process. At the same time, the sales structure was significantly expanded and regional coverage sustainably extended.

Exit: In 2012, AUCTUS successfully sold its shares to exceet Group SE, based in Luxembourg. The exceet Group is a leading producer of integrated electronics and security systems, which has been able to further expand its development and production expertise in the field of electronics as a result of the transaction.

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