Deloitte Corporate Finance Advisory (“DCF”) acted as exclusive financial advisor to MDT technologies GmbH (“MDT”), a Germany-based manufacturer of smart building automation components based on KNX standard, on the sale to IK Investment Partners (“IK”), a London-based Pan-European private equity firm.
About the transaction
DCF provided sell-side M&A lead advisory services to the owners of MDT. The team led by Reiner Schwenk and Michael Caspers successfully advised the owners of MDT in a highly competitive process on their sale to IK which is expected to help MDT to further strengthen its organization and drive growth as a key innovator in the KNX space.
Having entered the KNX market in 2009 and followed by an impressive success story, MDT is a true “hidden champion” and evolved to one of the leading manufacturer of smart building components based on KNX standard. The company’s full range of innovative KNX components comprises actuators, sensors as well as system devices enabling the automation and control of multiple functions including heating, ventilation and lighting in both residential and commercial buildings.
For the last 15 years the business has been successfully managed by the managing partner Hans-Joachim Kremer. The long-time co-owner Harro Möwes is now retiring at the age of 75. In the course of this change both owners decided to settle their succession and IK becomes the new strategic partner to continue the success story of MDT together with Hans-Joachim Kremer who remains as a shareholder and continues to be the Managing Director of MDT.
As a leading German M&A advisor we delivered first-class, tailored execution while exceeding our client’s expectations in terms of transaction speed, efficiency, transaction security and valuation.
The transaction is subject to antitrust approval and is expected to close in the first quarter of 2020.
About the client
MDT technologies GmbH was originally founded in 1989 and has become a leading manufacturer of smart building automation components based on KNX in the DACH region since it market entrance in 2009. In recent years, the company has been repeatedly awarded with renowned industry awards, endorsing the company’s technological leadership, innovation capabilities and outstanding growth in the market.
About Deloitte Corporate Finance Advisory
As leading independent M&A advisor, we provide sell- and buy-side M&A lead advisory services to business owners, mid-market corporations and blue chip companies as well as to private equity firms leveraging on our global Deloitte organization. We offer advice and insight at every stage of a transaction – from consideration of strategic options to transaction execution, be it an owners succession, IPO, acquisition or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.
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