PE Deals

Gimv to buy majority stake in ERS Electronic

ERS electronic is a provider of thermal management services for semiconductor manufacturing.

-
  • ERS Electronic is based in Munich, Germany
  • Gimv is a European investment company based in Antwerp, Belgium
  • The firm has €1.5bn of assets under management

Gimv will acquire a majority stake in ERS electronic, a provider of thermal management services for semiconductor manufacturing.

No financial details of the transaction were disclosed.

ERS Electronic is based in Munich, Germany.

Gimv will support ERS on its growth trajectory while allowing the company to retain its autonomy and control over day-to-day operations, according to a release.

ERS will be part of Gimv’s smart industries segment.

“ERS’s innovation capabilities and customer-first principles make it an excellent addition to our Smart Industries platform, reflecting our commitment to supporting and developing ambitious companies that drive innovation in their niche,” said Ronald Bartel, head of Gimv, DACH.

Gimv is a European investment company with €1.5 billion of assets under management. The firm, based in Antwerp, Belgium, has 20,000 employees.