Company takeover
Stein Automation acquired by investor
Swedish investor Indutrade acquired the automation specialist from Villingen-Schwenningen with retroactive effect from January 1, 2020.
The approval of the Federal Cartel Office is still pending, but if everything goes as planned by the parties involved, Indutrade will acquire one hundred percent of the shares in Stein Automation GmbH & Co KG with retroactive effect from the beginning of the year. According to Stein Automation, the background to this is the desire for a succession plan for the family business. The specialist for workpiece carrier transport systems with 45 employees recently achieved an annual turnover of around ten million euros.
"The participation in the Indutrade Group with its total of around 200 companies offers great potential to increase the level of awareness of Stein Automation via this network. The global orientation is thus intensively supported", explained Stein Managing Director Jürgen Noailles. The business and contractual conditions remain unchanged.
Structural and personnel changes within the company are not planned. Indutrade is an industrial group that is active in 27 countries on four continents. Around 6500 employees recently generated an annual turnover of 1.43 billion euros. The company focuses on the sale of industrial technology and the production of various goods. Indutrade is known for keeping out of the operational business of individual companies. With Stein, the investor has acquired a company from the automation and assembly sectors for the first time. dsc
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