Stürtz Group

capiton acquires majority stake in Stürtz Group. Stürtz Group, headquartered in Neustadt (Wied), Germany, is a market-leading designer, producer, and marketer of automated solutions for the window production industry across the globe. The company generated approximately EUR 46 million in sales in 2020 and employs around 270 FTEs across five locations globally.

Stürtz’ product portfolio covers solutions for the entire window production process, from cutting & machining to welding & corner cleaning, assembly, sorting & logistics, and glazing & order picking. As a long-standing partner to window manufacturers with over 35 years of experience in the industry, Stürtz developed a deep understanding of its customers‘ production processes and the ability to offer customized automated solutions, from a single machine to fully automated production lines. The offering is accompanied by comprehensive after-sales services and a dedicated software suite, enabling continuous coordination and intelligent control of the production machines.

Stürtz is very well-positioned to further benefit from strong industry trends including increasing demand for automated solutions, energy efficiency, as well as predictive maintenance. Together with the management team, capiton plans to grow the business organically, both by leveraging the significant potential of the company’s innovative new products and by expanding its international footprint while further developing Stürtz’ software offerings. Selective acquisitions broadening the product range will be considered as well.

Jörg Breuer, CEO of Stürtz commented: “Stürtz and its management team are excited to continue the strong path of growth under the ownership of capiton. We are looking forward to further develop our strong brand on a global scale together.”

Christoph Karbenk, Partner at capiton added: “We are glad to welcome Stürtz to the capiton portfolio. We are truly excited to collaborate with the entire Stürtz team to strengthen the company’s technological capabilities, further accelerate its international expansion and lay the foundation for its future success.”

“Stürtz grew around 10% per year under CGS ownership”, explains Rolf Lanz, Managing Partner at CGS. “With capiton as new majority owner, Stürtz will pursue its internationalization strategy and ensure continuity for both its valuable employees and its wide customer base.”

 

Transaction summary

capiton acquires Stürtz from an investment fund advised by Swiss-based CGS Management AG. Financing of the transaction is provided by capiton’s current investment vehicle, capiton VI. Additional funds have been reserved to finance both organic and inorganic growth initiatives.

The transaction remains subject to approval from competition authorities. Sellers and buyers have agreed not to disclose the financial terms of the transaction. capiton was advised by Androschin & Partner (Commercial), KPMG (Financial), BMH Bräutigam & Partner (Legal), EY (Tax and Structure), GCA Altium (Debt Advisory), CMS Hasche Sigle (Finance Legal), aestimamus (Management Audit), and Tauw (ESG).

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