- Equistone acquired a majority stake in Andra Tech in 2021
- Andra Tech is a group of manufacturers of precision parts and modules
- Andra Tech now comprises eight companies across Germany and the Netherlands
Andra Tech Group, an Equistone portfolio company, has acquired Lemmens Metaalbewerking, a milling and post-processing of complex welded assemblies business.
The company is based in Bergeijk in the Netherlands.
The acquisition of Lemmens Metaalbewerking is a “strategically important step” for Andra Tech, with the metalworking specialist further expanding the group’s technological competences, according to a press statement.
“This acquisition is the culmination of a successful year for Andra Tech Group and paves the way for further growth in 2024,” said Hubert van Wolfswinkel, partner in Equistone’s Amsterdam office. “Lemmens will enable the group to further strengthen its position in its home market of the Netherlands, where it has an important specialisation in large-scale components.”
Andra Tech Group, headquartered in Oss in The Netherlands, is a manufacturer of precision parts and modules.
Equistone is a mid-market private equity firm that operates across Benelux, France, Germany, Switzerland and the UK. Its most recently close fund, number VI, has total capital commitments of €2.8 billion.