HgCapital sells Schenck Process to Industri Kapital

(PresseBox) ( Darmstadt, )
Schenck Process is to embark on further expansion with the support of Industri Kapital following two years of successful growth under the stewardship of HgCapital. Industri Kapital has signed an agreement to acquire a majority stake in the company with HgCapital.

Since Schenck Process was acquired by HgCapital from Dürr AG in 2005, it has built an even stronger and strategically well-positioned business, growing the workforce to around 1,800 employees; increasing revenue to €350 million per annum; and expanding its international footprint organically and by acquisition. It was during HgCapital’s tenure that Schenck Process acquired Stock Equipment, a strategically important move into the coal power equipment sector that resulted in a further diversification of the group.

Today Schenck Process is one of the global market-leading providers of industrial weighing, feeding, screening and automation equipment and solutions. It benefits from a multitude of growth opportunities and a very robust and balanced business model. It has significant operations in Europe, North and South America, China and Australia and serves a diversified customer base across a wide range of industries, including Heavy, Light, Mining, Power and Transport Automation. As the only truly global company in the market coupled with a leading aftermarket service platform, Schenck Process is in a unique position to supply its broad blue chip customer base.

Detlef Dinsel, Partner Industri Kapital commented: “Schenck Process is the well-established, clear global market leader in the industrial process engineering solutions sector and enjoys a strong financial track record. Together with the management team, our intention is to continue to build on the company’s strong market position. We intend to continue its acquisition strategy as well as growing market share and expanding into new markets.”

Dr Jochen Weyrauch, President & CEO Schenck Process commented: “We welcome the investment by Industri Kapital with whom we share similar visions and business philosophies. We would like to thank HgCapital for a fruitful and constructive partnership over the past two years; it has provided valuable support during a crucial phase in the development of the company. Schenck Process has grown strongly through its ability to serve customers better than its competitors and the management team and employees can be justifiably proud of this success”.

Martin Block, Head of HgCapital Germany, said: “We have been delighted with our investment in Schenck Process. It has been a pleasure to work alongside and support such a dynamic management team and this shows what can be achieved by a partnership approach. We are proud to have supported the company as it has grown and developed over the past two years and I have every confidence that it will continue in a similar manner. We wish Industri Kapital and the management team every success for the future.”
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.