Acquisition of Majority Stake in Adaptronic Prüftechnik GmbH

Schleuniger Group, has signed an agreement to acquire 60% of adaptronic Prüftechnik GmbH, based in Wertheim, Germany. The transaction is expected to be concluded at the beginning of 2018. A leader in wiring test systems and function test systems, adaptronic employs around 140 people and generated sales of about EUR 14 million in 2016. By acquiring adaptronic, Schleuniger is adding customized solutions for testing cable harnesses, connectors and assemblies for the aviation, astronautics, railway technology, automotive, automation technology and industrial sectors to its existing service range.

adaptronic develops and produces application-specific test systems and adapter solutions for wire harnesses, which it supplies to customers in a wide range of markets. Its product portfolio comprises wiring test systems, adapters, test tables and test consoles for high- and low-voltage applications, all backed up by the software solutions providing efficient and effective testing. adaptronic generates a significant portion of its sales through customer-specific application engineering and the maintenance of the test systems it supplies.

Following the transaction, the remaining 40% will remain primarily in the hands of adaptronic’s founder and current principal owner Peter Müller, and to a smaller portion in the hands of the current minority shareholder Stefan Friedrich.

“adaptronic’s alliance with the Schleuniger Group will enable us to benefit from the global sales footprint we need to drive forward our internationalization plans”, Peter Müller commented, who will be remaining in his current post of CEO. “This is particularly interesting in view of our leader-ship in the high-voltage sector, which is set to become significantly more important in the light of the global trend toward e-mobility.”

Christoph Schüpbach, CEO of the Schleuniger Group, had this to say about the transaction: “As part of our Strategy 2025, we are actively looking for external growth opportunities and to consolidate our business by means of targeted M&A transactions. This applies particularly to our ‘best in test’ approach. adaptronic is a perfect fit for Schleuniger Test Automation GmbH’s product range and will enable us to strengthen our offering in a variety of customer value chains, particularly with regard to the megatrend toward e-mobility.”

More information can be found at www.schleuniger-na.com. Should you have any questions, please e-mail sales@schleuniger.com or call (603) 668-8117.

About Schleuniger The Schleuniger Group in Thun is a globally active technology company and a leading supplier to the wire processing industry. With its wholly-owned and independently managed company, DiIT, Schleuniger is in addition a leading player in digitalization and industrial IoT.

Most of the Schleuniger Group's customers are suppliers to the automotive, entertainment and information industries as well as for the communications sector. Schleuniger’s products are used wherever precise connections and highest productivity are required. The company has development and production locations in Switzerland, Germany and China. Due to its sales and service companies in North America, Europe and Asia and more than 40 distribution partners worldwide, Schleuniger is always close to its customers.

The Schleuniger Group represents the wire processing business segment of the publicly listed Metall Zug Group and has more than 700 employees and 30 apprentices worldwide.