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HIG Capital to take a strategic stake in machine tool company HELLER Group

HIG Capital (HIG), a global alternative investment firm with $67bn of capital under management, has signed a definitive agreement to invest in the HELLER Group (HELLER) through the acquisition of a strategic stake in the Germany-based machine tool manufacturer.

The transaction is subject to clearance by antitrust authorities.

Founded in 1894 and headquartered in Nürtingen, Germany, HELLER is provides CNC machine tools and manufacturing systems, specialising in high-precision, high-productivity metal processing. The group has over 2,600 employees and operates five production facilities across Europe, Asia, North America, and South America, with 30 sales and service branches worldwide. HELLER’s global presence has enabled it to serve a diverse range of customers and industries, including engineering, aerospace, energy, defence, and commercial vehicles.

According to a press statement, HIG and the fourth generation of the Heller family have “entered into a partnership to facilitate the transformation program initiated two years ago by Dr Thorsten Schmidt, CEO of the HELLER Group”.

HIG will leverage its extensive manufacturing sector expertise, global network, and capital resources to assist the company to successfully execute on its growth plan, which the Heller family will continue to retain a significant ownership interest, preserving the company’s identity as a long-standing family business.

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