After a six-year holding period, AXA Private Equity has sold its shares in Gealan Beteiligungs GmbH to Halder. Management, as well as members of the company’s advisory board, will retain their shares.
Gealan’s management has gained a strong and highly experienced partner in Halder, with whom Gealan can continue its strategy for growth – based upon a solid business model with innovative products and loyal employees.
Halder’s decision to purchase the shares was motivated by the strong confidence in Gealan management as well as the company’s prospects for the future thanks to the recently introduced innovative STV und IKD products.
After being acquired by AXA Private Equity, Gealan’s turnover increased by almost 50% to 220 million Euros in 2010, mainly due to international expansion. It was this increase in turnover that helped AXA Private Equity to guide Gealan steadily through the 2008 and 2009 crisis years, working with Gealan management. With Halder as its new investor, the growth of Gealan over the past few years can be continued.
