Advertisements


Advertisements

Home » News » Global News » CeramTec Group Goes to Cinven

CeramTec Group Goes to Cinven

European private equity firm Cinven Ltd. will become the new sole shareholder of the CeramTec Group, headquartered in Plochingen/DE.

Former owner Rockwood Holdings Inc. arranged to sell the ceramics manufacturer for EUR 1,49 billion and sold CeramTec as part of comprehensive restructuring measures in the group of companies.
The closing, which will mark the ­legal transfer of CeramTec from Rock­wood to Cinven, is scheduled for this September at the latest. Dr U.-D. Zimmermann commented on the sale: “Once again, CeramTec will be an independent member of a private equity firm with the option of preparing for an initial public offering. CeramTec is highly profitable, well-positioned in the marketplace and has a sustainable, positive business outlook. Cinven wants to use this position as the starting point for further expansion in the Americas and Asia and to support us in our efforts to uncover additional business segments. So we can look forward to positive developments associated with the transfer of ownership in the future.” P. Pettersson, Director of Cinven, also expressed his satisfaction with the acquisition: “We are excited to be working with Dr Zimmermann and his experienced team as our partners as CeramTec transitions to an independent company. We support the company’s current investment strategy, which also comprises an expansion of the Marktredwitz location and new product initiatives such as LED lighting and semiconductor applications.”
CeramTec is a leading global manufacturer of innovative components made from advanced ceramics. The Plochingen-based ceramics manufacturer’s products are used in many different applications today, especially in medical engineering, automotive manufacturing, electronics, equipment and mechanical en­gin­eering, defense systems, energy and environmental technologies, and in chemical industries. In 2012 the Swabian company achieved revenues of EUR 425 million and employed around 3500 persons. Cinven is a leading European private equity firm with a focus on building and expanding world-class European corporations. The company invests in six key business segments: services, financial services, healthcare, industry, consumer goods and TMT (technology, media and tele­communications). The European ­focus and expertise is complemented by the company’s ability to recognize and capitalize on global economic opportunities through the branch office in Asia. (7/2013)


Related Supplier

No items found

To be seen in

No items found