Penta Investments acquires 75 % of Gehring Technologies Holding GmbH, a pioneer and worldwide leading manufacturer in the field of honing technology from Ostfildern, Baden-Württemberg.
Penta Investments acquires 75% of the mechanical engineering company Gehring Technologies Holding GmbH from Stargate Capital GmbH, which will still hold 25% of the company’s shares. Both shareholders will work closely together to actively support the growth of the group. The transaction is subject to the approval of the antimonopoly authorities; its value will not be disclosed.
Gehring is a leading manufacturer of honing machines worldwide. Gehring expects to generate approx. EUR 130 million in 2012. VW, BMW, Daimler, Ford or General Motors are amongst the company’s top clients. The Gehring Group employs 630 people, 530 of them in Germany.
“The investment in Gehring is a first positive result in our systematic approach to tap into the German market and I believe that other transactions will follow soon. As a strong financial partner with experience in the engineering sector, we are ready to deliver long-term sustainable growth for the company,” says Martin Kúšik, partner of Penta Investments.
“We are satisfied to have found a long-term partner who does not come from a typical private equity background but is a de-facto family office for several highly successful entrepreneurs. We believe Gehring has an exciting future with high growth which now will be supported by two strong partners,” says Mark Hüsges, CEO of Gehring Group and partner of Stargate Capital.
About Gehring
- Since its founding in 1926, Gehring has created most changes within the honing technology and as a pioneer, the company has driven the major developments of the industry with its own innovations.
- Technology developed by Gehring has become an international standard that is used largely by the automotive industry to optimise emissions of both diesel and gasoline engines.
- The Gehring Group is present in Germany, France, Brazil, USA, India and China.