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Highlander Partners exits ZREW Transformatory with sale to R&S Group

US mid-market private equity firm Highlander Partners has soid ZREW Transformatory, its portfolio company in Central Europe, to R&S International Holding, a private equity owned Swiss producer of electrical products and systems for the power distribution and electrical infrastructure market. 

ZREW complements the portfolio of the Swiss Rauscher & Stoecklin and the Czech SERW, both subsidiaries of R&S International Holding. All together they will form part of a leading European industry group.

ZREW, a Highlander Partners investment since 2012, is a nationally recognised manufacturer of medium-power transformers with a more than 50 year track-record in Poland. Over the course of its 3-year investment, Highlander Partners worked closely with ZREW’s management to grow the company into an industry leader. Since Highlander Partners’ investment, the company has strengthened its position in the domestic market as the leader in the medium power transformers segment – up from the second place position – and has entered new markets outside of Poland. ZREW has doubled its production capacity and consistently increased revenue and profitability.

“Achieving outstanding success in this investment would not be possible without the exceptional contribution of the management team of ZREW, who reached their business objectives two years ahead of their original plans, while carrying out a profound transformation of the company. I am happy to say that together we have done a tremendous job positioning the company as the leader in its market and an attractive, mature business. ZREW is an outstanding company and I am sure R&S International will be very pleased with this acquisition,” says Dawid Walendowski of Highlander Partners.

“The acquisition of ZREW Transformatory is another milestone in our company’s strategy to become the leading global group in the niche market for components used in power distribution and electrical infrastructure. Apart from knowledge and a wide range of products, such as medium to high voltage disconnectors, as well as high quality medium voltage transformers, our portfolio now offers clients oil-immersed power transformers with power ratings from 100 kVA up to 120 MVA and voltage up to 145 kV. Furthermore, the group has strengthened its position in the growing Central and Eastern European countries,” says Giorgio Vannotti, President of the Board of Directors at R&S International Holding AG.

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