- ProMik’s founding family will retain a minority ownership in the company
- DBAG is a private equity firm that focuses on mid-market companies in the DACH region
- The firm is based in Frankfurt, Germany
Deutsche Beteiligungs (DBAG) has agreed to acquire majority stake in ProMik Programmiersysteme für die Mikroelektronik, a global programming and testing service provider, from its founding family.
Nuremberg, Germany-based ProMik provides services for series production in the electronics industry.
ProMik’s founding family will retain a minority ownership in the company.
“We are seeing interesting opportunities for strategic acquisitions in this market,” said Jannick Hunecke, member of the board of management of DBAG. “This is where we can leverage our extensive M&A experience.”
Alexander Rosenberger and Jens Rosenberger, members of the founding family, will remain with ProMik as CTO and CMO, respectively.
Frankfurt-headquartered DBAG is a private equity firm that focuses on mid-market companies in the DACH region. The firm’s assets under management amount to around €2.5 billion.
No financial details of the transaction were disclosed.