Alpina Partners buys CrossLink Faserverbundtechnik

Alpina buys CrossLink out of administration, which it filed in April this year. The investor says the business was in trouble after overloading itself with a large contract, but is otherwise healthy.

The GP acquired the business in an all-equity deal via its industrial holding company CFH, which it launched after acquiring carbon fiber composites producer UBC in 2014. Alpina plans to encourage collaboration between the two businesses. It also aims to grow CrossLink via acquisitions.

The deal is the second for Alpina this year. In September, it acquired German enterprise software business Cimdata from trade vendors Infoniqa Holding and iLab24.

Company
Founded in 1995 and based in Cadolzburg, CrossLink is an engineering and manufacturing business based in Cadolzburg. The company designs, develops and produces lightweight composite components. Its customers generally operate in the body armour, medical technology, mechanical engineering and automotive sectors.

The business has 115 employees. 

People
Alpina Partners – Florian Strehle (partner).
CFH – Frank Wittchen (CEO).
CrossLink – Christian Fuchs (CEO).

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