CGS Management's Automatik in CHF 200m merger
CGS Management's German portfolio company Automatik Plastic Machinery has completed a CHF 200m merger with Swiss-based Maag Pump Systems, a gear pump manufacturer.
This is the first stage of Automatik's buy-and-build strategy to form a global systems integrator for plastic processing. The combined business, to be known as Maag
Automatik, will be led by Maag's CEO Ueli Thuerig and will employ over 450 people in 10 countries.
Automatik was acquired by CGS Management, a Swiss based private equity firm, in February 2008 from the quoted Swiss company Rieter Group.
If you have any information regarding this transaction, please contact Mareen Goebel on +44 20 7004 7462 or mareen.goebel@incisivemedia.com.
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