Quadriga acquires M&R Automation in MBO
Quadriga Capital has taken a majority stake in Graz-based M&R Automation alongside management.
M&R plans to continue its growth strategy and expand internationally following Quadriga's investment.
Company
Founded in 1989, M&R is an automation technology company. It manufactures customised production and test systems used by the automotive, electronic, consumer goods, medical, pharmaceutical and chemical industries. Its in-house resources include mechanics, electronics, software programming, instrumentation, data production systems, image processing and robot technologies.
M&R operates out of its Graz headquarters and has further sites in Germany, Canada and China. It has 310 employees.
People
Bernd Stütz is CEO of M&R. Philipp Jacobi is partner at Quadriga Capital. As part of the transaction, former M&R CEO Herbert Knight moved into an advisory role on the supervisory board.
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