Hannover Finanz acquires Koller

The GP bought a portion of the shares owned by the Koller family, who continue to hold a 25% stake in the company. The fresh capital will be used for the company's latest plant, which is already in the planning stages.

Hannover Finanz suggested the company may expand into the aviation and furnishings branches. The deal also saw additions to the management team, including former Munich-based KPMG director Karl Ostler.

Earlier this month, Hannover Finanz divested its majority stake in the Schrack Technik Group as part of a management buy-back.

Company
Founded in 1994 by Max and Thomas Koller, Koller is a car components supplier located in Dietfurt. It focuses in particular on lightweight construction, which accounts for 65% of the company's revenues. Complex construction accounts for 29%, with the remainder coming from injection moulding. The company's current turnover stands at €63m.

The group employs 830 people and has additional plants in Nuremburg and Hungary.

People
Max Koller is CEO of Koller. Goetz Hertz-Eichenrode is chairman of Hannover Finanz, while Nico Vitense is the investment manager responsible for the deal.

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• Topics
• DACH
• Expansion
• Consumer
• Germany