Aheim acquires W.AG Funktion + Design

Wagester will remain as managing director of the company for a transitional period in order to ensure the continuity of the business. During this period he will also coach his two designated successors, before moving into an advisory role to continue his support for the company.

Aheim's envisaged growth initiatives include expanding the product portfolio, strengthening existing sales models and further developing international activities. The firm also plans to invest in W.AG's Thuringen-based headquarters and to create more jobs.

The Aheim funds conduct control investments in profitable companies in the German Mittelstand, with revenues of up to €75m. Aheim's management commit considerably to the funds, alongside wealthy entrepreneurs, family offices, high-net-worth individuals and institutional investors.

Company
Headquartered in former East German border town Geisa, the company was founded in 1992 by Wolfgang Wagester to produce technical plastic parts. W.AG now develops, produces and sells a portfolio of nine plastic cases, which can be customised with advertising. The company also manufactures foam plastic inlays for its cases, according to customer specification.

W.AG employs approximately 110 staff and has more than 1,000 customers in the measuring, optics & mechanics, med tech, pharma, dental and tools & components industries.

People
Wagester is the founder of W.AG. Frank Henkelmann is a managing director at Aheim.

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