IK Investment Partners’ IK Small Cap I Fund is to acquire Messerschmitt Systems, a provider of access control and customised guest room management systems for the global hotel industry.
Financial terms of the transaction have not been disclosed.
Founded in 1994, Messerschmitt Systems’ multifunctional Room Management Systems and Access Control Systems are used by more than 2,000 hotels worldwide. Founded by Hartmut Messerschmitt, the company provides a fully integrated value chain from development, engineering and manufacturing to supply, installation and the related aftersales market.
“For more than 20 years, Messerschmitt Systems has set the standards in access control and guest room management systems for the premium and upscale hotel industry. It has truly been an extraordinary journey to take part of. The company now enters its next phase of development, with Jürgen Roth as the CEO and IK as their partner. This gives me great confidence in the future of the company,” says Messerschmitt.
“As the founder and former CEO of Messerschmitt Systems we would like to thank Hartmut Messerschmitt for his outstanding contribution to Messerschmitt Systems over the many years. Messerschmitt Systems is well-positioned to further capitalise on the growth opportunities in our sector by entering into new geographies and developing our business model. We are pleased to be working with IK given their considerable experience of growing businesses and international network,” says Jürgen Roth, CEO of Messerschmitt Systems.
“We had identified Messerschmitt Systems as a business with a very good product and service portfolio as well as a strong niche market position in an attractive market environment driven by hotel developments and renovations, resulting in a long-term profitable growth track record. The company has a well-diversified customer base as well as a platform for international expansion. We thank Hartmut Messerschmitt for his trust in IK to continue the development of his company and we are excited to support Jürgen Roth and his team to further strengthen the Company’s position and drive growth,” says Anders Petersson, partner at IK Investment Partners and adviser to the IK Small Cap I Fund.
