PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

HIG Capital acquires majority stake in Beinbauer Group

An affiliate of HIG Capital (HIG) has acquired a majority interest in Beinbauer Group (Beinbauer), a provider of complex machined metal parts (iron, steel, aluminium) for the European on- and off-highway commercial vehicle industry (OEMs and other tier-1 suppliers). 

Beinbauer’s core competencies are the machining of components and assemblies in state-of-the-art production processes as well as building and managing complex supplier networks, offering its customers all-in-one solutions for axle, frame, chassis and engine parts from a single source. 

Beinbauer operates four production sites in Germany and has approximately 700 employees. In 2017, Beinbauer generated revenues of more than EUR200 million. The Beinbauer management team, headed by Tobias Lührig und Patric Meeth, will continue to lead the Group.

Wolfgang Biedermann, Managing Director at HIG Europe, says: “Led by a dedicated and highly experienced management team, Beinbauer has shown a strong development in recent years and demonstrated that it plays an important role as a reliable supplier to the European heavy vehicles industry. With its clear focus on offering its customers a highly flexible “one-stop-shop” solution, Beinbauer can further strengthen and expand its position in an attractive market segment of the European automotive industry. HIG will support Beinbauer in increasing its market position in the solidly growing commercial vehicle market, both by organic growth and via strategic acquisitions. HIG is looking forward to the partnership with Mr Lührig and Mr Meeth as well as the entire Beinbauer team.”

Tobias Lührig, Managing Director of the Beinbauer Group, says: “With HIG, we have exactly the right partner on board that can ideally support the Group in implementing its planned expansion course over the next years. We look very much forward to working with HIG.”

Patric Meeth, also a Managing Director of the Beinbauer Group, adds: “Through this partnership, Beinbauer will benefit not only from HIG’s financial resources, but also from its substantial experience in the development of new markets and, most importantly, in identifying attractive acquisitions.”

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured