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Acrotec welcomes Quilvest as new cornerstone shareholder

Acrotec, a manufacturer of watch components, has welcomed the family-owned Quilvest Group as its new cornerstone shareholder.



The group remains under the control of its current management.
 
Acrotec, an independent group created by watch and micro-mechanic industry professionals, manufactures small and complex components including shock absorbers, regulator assemblies, oscillating weights, mainsprings and barrels.
 
With more than 300 employees, Acrotec generates an annual turnover of over CHF70m. The different companies that compose the Acrotec group are KIF Parechoc, Générale Ressorts, Décovi, and Vardeco.
 
Quilvest’s investment of over CHF30m in the share capital of Acrotec coincides with the exit of funds managed by EPF Partners, which had been a shareholder in the group since 2006.
 
François Billig, managing director of Acrotec, says: “We have succeeded in our development over the past years thanks to the talent of our employees and the quality of our client relationships. Quilvest, with its family shareholding and long-term vision, is the ideal partner to accompany Acrotec over time, supporting our ambitious growth programme, both organically and by acquisition, while maintaining our independence.”
 
Maurizio Arrigo, a Quilvest partner, adds: “We are delighted to support Acrotec’s management in this new phase of the group’s development. We particularly appreciate its capacity for constant innovation and we plan to accompany the management industrially, strategically and financially.”

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