MGG strengthens its position in the European market of high-precision aluminum components with the acquisition of Eurotech Group
Tegelen, 21 February 2018,
MGG Group B.V. (“MGG”), the specialist in complex, high-precision aluminum sand casting and subassemblies, announces the acquisition of Eurotech Group B.V. (“Eurotech”). The customer base of both companies is highly complementary, further expanding the client proposition, from a commercial, as well as a technological and geographical perspective.
Eurotech, with sites in Blerick (The Netherlands), Třešť (Czech Republic) and Schwäbisch Gmund (Germany) is, like MGG, a specialist in complex, high-quality aluminum sand casting and (sub)-assemblies. The most important customers of Eurotech are active in the robotic-, medical-, energy- and heating industries.
With this acquisition, MGG will have consolidated pro-forma annual revenues of approximately € 250 million, with around 1,600 employees across 8 locations in 4 countries. The acquisition of Eurotech aligns perfectly with MGG’s growth strategy. This is the second acquisition since Parcom Capital joined MGG as a majority shareholder in February 2017, after acquiring the high-tech company CSA Herzogenburg from Austria in December 2017.
Bart-Jan van den Boogaart, CEO of MGG, states: “We are pleased to be able to welcome Eurotech Group to the MGG-family. The customer base of Eurotech is fully complementary to the rest of the MGG-group. As a result, the client proposition is being expanded further, commercially, as well as technologically and geographically. The employees and the businesses of Eurotech as well as those of the rest of the MGG-group have specific qualities which can greatly reinforce each other. This further strengthens our leadership position within the aluminum casting industry.”
Eric Lamkin, CEO of Eurotech Group, will remain responsible for heading the Eurotech companies and is looking forward to the collaboration: “The market for aluminum sand casting in Europe is developing rapidly. The larger players become stronger and are growing, also due to consolidation. The combination of Eurotech and MGG creates a large foundry with an even better market position in Europe, playing an increasingly leading role in the aluminum casting industry.”
About MGG (www.mgg.com)
Since the foundation in 1945, MGG has been at the forefront of the aluminum sand casting industry. MGG has a reputation for constant innovation in automotive and other industrial branches. With unmatched commitment and our extensive knowledge of aluminum casting technology (sand casting, LPSC as well as machining and assembly), MGG provides its customers with the very best innovative and cost-effective solutions. MGG uses a fully integrated approach so that MGG can deliver “ready-to-install” products, to meet the high customer requirements.
About Eurotech (www.eurotechgroup.eu)
Eurotech is a manufacturer of high-precision sand casting parts and modules and a partner offering its customers a total package: from design and engineering to assembly and logistics. We use a broad range of technologies and expertise focused on simplifying processes, limiting production costs and reducing lead times.
About Parcom Capital (www.parcomcapital.com)
Parcom Capital is a leading mid-market private equity firm and was founded in 1982, focusing on investments in high-quality, leading companies in the Benelux. Over the past 35 years, Parcom Capital successfully invested in more than 75 (international) companies. Recent investments have been made in Simpel, Jan Snel, GoodHabitz, Euroma, ConDoor and Viroclinics
MGG acquires majority share in CSA
Tegelen, the Netherlands – 1 December 2017
MGG International today announces the acquisition of a majority stake in CSA Herzogenburg GmbH , an Austrian based cutting edge and high quality manufacturer of advanced aluminium low-pressure die casted products and sub‐assemblies. CSA supplies various castings for passenger cars, commercial vehicles and various other applications. The current owners, Mr. Andreas Zick and Mr. Markus Kieberger will remain as minority shareholders of the company and will continue their roles of Managing Directors.
The newly combined company currently generates annual revenues of approximately 160 million euros. The acquisition fits perfectly in the growth strategy that MGG and its major shareholder Parcom Capital have defined, and is the first since their alliance started early this year.
MGG International CEO Bart‐Jan van den Boogaart comments: ”We are extremely happy to add CSA to our Group and looking forward to the cooperation with Markus and Andreas. We are impressed how the two of them have developed CSA to be a technology leader in such a short period of time. The high level of quality that CSA delivers to its customers, is truly an addition in the offerings to our customers. Next to sophisticated aluminium sand-castings we are now able to serve our customers more to their needs.”
Andreas Zick, is pleased with the investment in CSA. Zick: “Being part of the MGG Group will enable us to accelerate our growth. The automotive industry needs strong players that are committed to quality. The strong MGG sales force will allow us to present ourselves and to build long lasting relations.” Markus Kieberger adds: “In our search for a strong partner, we found MGG to share our vision. True commitment to highest quality castings, co-developed in close cooperation with our customers. We are excited to enter into this new phase of our company.”
Since the foundation in 1945, MGG has been at the forefront of the aluminium foundry industry. MGG has a reputation for constant innovation in automotive and other industrial branches. With unmatched commitment and our extensive knowledge of aluminium casting technology (sand casting, LPSC as well as machining and assembly), MGG provides its customers with the very best innovative and cost effective solutions. MGG uses a fully integrated approach so that MGG can deliver "ready-to-install" products, to meet the high customer requirements.
Parcom Capital is a leading mid-market private equity firm and was founded in 1982, focusing on investments in high-quality, leading companies in the Benelux. Over the past 30 years, Parcom Capital successfully invested in more than 75 (international) companies. Recent investments have been made in Jan Snel, Simpel.nl, GoodHabitz and Euroma.
CSA is under the leadership of Andreas Zick and Markus Kieberger since 2014, at which moment they acquired all the shares in CSA from Georg Fischer GmbH. Ever since, CSA has developed itself as a Technology leader in the area of Low Pressure Die Casting and related after treatments of aluminium products for primarily the Automotive sector. Premium OEM’s are served with the highest technical standards and full service from design to ready-to-install components.
Parcom Capital acquires MGG Group
Tegelen, the Netherlands – 1 February 2017
Parcom Capital today announces the acquisition of a majority stake in MGG Group, a cutting edge and high quality manufacturer of advanced aluminium sand‐castings and sub‐assemblies. MGG Group supplies various assemblies from sandcasting for commercial vehicles, heat exchangers and various other applications. The management of the company will co-invest alongside Parcom Capital.
The company currently generates annual revenues of approximately 100 million euros.
MGG Holding CEO Bart‐Jan van den Boogaart comments: ”The entrance of Parcom as our new majority shareholder gives MGG the opportunity to further invest in the expansion of our activities. OEM customers expect a wide range of capabilities and in-depth knowledge of production processes from their current and future partners. With the support of Parcom we will be able to serve them even better and offer them solutions they need to fulfil their success. Management and staff are looking forward to the new challenges and opportunities.”
Gijs Vuursteen, partner at Parcom Capital, is pleased with the investment in MGG. Vuursteen: “We are impressed by the way MGG’s management team is developing its market leading position as an innovative and high quality partner to its blue chip client base. Parcom will actively support the team in the further development of MGG’s potential.”
Parcom Capital is a leading mid-market private equity firm and was founded in 1982, focusing on investments in high-quality, leading companies in the Benelux. Over the past 30 years, Parcom Capital successfully invested in more than 75 (international) companies. Recent investments have been made in Jan Snel, Simpel.nl, GoodHabitz and RH Marine Group.
Milestone in Aluminium Sand Casting Industry: MGG acquires 100% of the shares of Metallguss Schiefelbusch
Tegelen, the Netherlands, and Stahlhofen am Wiesensee, Germany – January 12, 2015.
MGG Holding announces the acquisition of 100% of the shares Metallguss Schiefelbusch GmbH in Germany. Both MGG Holding, through its subsidiary MGG Netherlands BV, and Metallguss Schiefelbusch are manufacturers of cutting edge quality aluminium sand‐castings and sub‐assemblies.
Currently, the joint annual turnover in sand‐casted products is in the area of 100 million Euro, which is produced with around 700 staff.MGG Holding CEO Bart‐Jan van den Boogaart comments: „both companies have an excellent fit in the sand‐casting industry. The customer base is almost fully complimentary and together they have a complete proposition to the market. From high volume series, which are produced on fully automatic lines, to large and complex products made by hand- forming. MGG and Schiefelbusch share their focus on customer satisfaction and on continuous improvement and innovation.“Previous owner and managing director Willi Schiefelbusch and his successor Udo Knafla: „with MGG we have a perfect strong and strategic partner. The cooperation will allow Metallguss Schiefelbusch to further expand its strong market position and utilise its full potential commercially and technologically.
“MGG is an industry leading supplier of aluminium sand casted products with its headquarters in Tegelen, the Netherlands. In Tegelen MGG operates one of Europe’s largest aluminium sand casting facilities and in Nieuw Bergen, the Netherlands, it operates an industry leading machining centre with over 40 production cells. MGG’s customer base is primarily active in the truck industry, premium passenger cars, heating industry, construction business and agriculture. www.mgg.com
Metalguss Schiefelbusch is an industry leading supplier of aluminium sand casted products with its main office in Stahlhofen am Wiesensee, Germany. In Stahlhofen the automated production lines are operated, where as in Buchholz‐Mendt, Germany, a highly efficient hand‐forming facility is operated. Schiefelbusch‘ main customers are in the truck industry, printing industry, motorcycles, robotics, construction business and industrial applications. www.schiefelbusch.de