As part of a succession plan, VESCON Automation Group GmbH, majority owned by Quadriga Capital, acquires a majority stake in the Lower Bavarian Schiller Group. The company provides innovative automation solutions for the automotive and semiconductor industries and employs around 200 people. The company founder, Ewald Schiller, will remain with the company as managing director and shareholder.
Together with the VESCON Group, an engineering service provider and plant manufacturer headquartered in Frankenthal near Mannheim, Schiller will in future operate under the umbrella of VESCON-Automation Holding and form a group of companies with more than 700 employees and a turnover of more than 100 million Euros. Quadriga Capital, the majority shareholder of VESCON Automation Holding, will bring further growth capital and extensive expertise in the industrial automation market to the Group.
The Schiller Group, based in Osterhofen near Deggendorf, is one of the leading suppliers of automation solutions in the field of intralogistics and assembly. Due to the core competencies in the areas of electronics and software as well as complementary mechanics, the range of services covers all necessary areas for the realization of complex system solutions as well as intelligent products. Schiller's customers include German premium manufacturers in the automotive and supplier industries as well as well-known companies in the semiconductor industry.
The transaction is still subject to antitrust approval.
An IMAP team led by Karl Fesenmeyer, Bastian Mauritz and Carl-Benedict Schmucker exclusively advised the company founder and supported him in structuring, negotiating and concluding the transaction process.
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Read the Chairman's Letter introduction to the Coronavirus special edition of IMAP's publication, Creating Value.