Andra Tech Group, a manufacturer of precision mechanical components, and a portfolio company of private equity firm Equistone, has acquired Mayer Feintechnik, a specialist in precision metalworking for over 50 years.
Andra Tech Group (ATG), a manufacturer of precision mechanical components, and a portfolio company of private equity firm Equistone, has acquired Mayer Feintechnik, a specialist in precision metalworking for over 50 years.
As part of the deal, the first completed by ATG since Equistone acquired the business, former Mayer Feintechnik shareholder and CEO Frank Neuschulz, who sold his majority stake as part of the transaction, will reinvest in ATG.
Based in Göttingen, Germany, Mayer Feintechnik serves a broad range of customers across a number of high-tech sectors, including optics, lasers, medtech and semiconductors, acting as a reliable partner from project definition and conception to engineering, production and assembly.
Hubert van Wolfswinkel, Dr Marc Arens and Philipp Gauß led the transaction on Equistone’s behalf. Equistone was advised on the transaction by De Angelis and Allen & Overy (Legal), PwC (FDD & Tax) and Livingstone (M&A).
