- Liftket’s management team led by CEO Jürgen Dlugi will reinvest significantly
- Afinum will retain a minority stake in Liftket
- Ardian is a private investment house that has $150bn of assets under management
Ardian has acquired a majority stake in Liftket Group, a supplier of electric chain hoists and control systems, from Afinum. No financial details of the transaction were disclosed.
Liftket is based in Wurzen, Germany.
Liftket’s management team led by CEO Jürgen Dlugi will reinvest significantly as part of the transaction.
Afinum will become a minority stakeholder in Liftket.
Afinum first invested in Liftket in 2016.
“Combined with the company’s strong performance, its broadly diversified customer base, which operates in growing markets such as the stage sector, and the fragmentation of its international markets, has created significant growth opportunities,” said Marc Abadir, managing director expansion at Ardian.
This transaction will help Liftket solidify its market position in Europe and North America, and expand its market share in Asia, according to a release.
Ardian is a private investment house, managing $150 billion of assets. The firm is based in Paris, France.
Afinum is an investment firm with a focus on SMEs in the DACH region. The firm is absed in Munich, Germany.