MBO@Halder

KLINGEL medical metal acquires Josef Ganter Feinmechanik

2016-2-22

Add-on sharpens focus on medical technology

KLINGEL medical metal, Pforzheim/Germany, has acquired family-owned Josef Ganter Feinmechanik GmbH. Klingel has been part of Halder’s portfolio since 2012; the acquisition will accelerate its plans to become a specialist for medical technology components.

The company specializes in complex, micro-machined precision parts made from difficult-to-machine materials like stainless steel and titanium. It had turned its strategic focus to medical technology in mid 2013, when some 50% of its revenues were sourced from this market. By the end of last year, it was contributing more than two thirds of volume. Josef Ganter was established in 1926 and focuses on medical applications. The firm is Germany’s leading provider of dental ratchets which also offer export potential. In 2016, the companies expect combined revenues of more than € 30 million, with medical technology surpassing 70% of sales. They have a combined staff of 320.

Halder has been active in Germany since 1991, providing 38 SMEs with financing for succession and growth. Nine investments were related to its current fund. Most recently, turbocharging-specialist PRAE-TURBO was added through a management buy-out in 2015. The current acquisition is the third enhancement to existing portfolio firms, preceded by add-ons for Keymile (2013) and Aqua Vital (2014). Further acquisitions for investee companies are planned to accelerate strategic change and growth.