VR-backed Hör Technologie buys Pichler & Strobl

Pichler & Strobl generated a turnover of €17.4m in 2017 and the combined group will employ 400 people.

It is the second bolt-on the firm has made in quick succession after acquiring Neustadt-based Fischer CNC-Technik in November 2017.

VR originally acquired Hör in October 2013, investing in the business alongside management and Munich-based investment firm Bayerische Beteiligungsgesellschaft. The company employed 250 people in 2013. 

Company
Pichler & Strobl was founded in 2003 and is headquartered in Anthering. The company manufactures machinery components for the automotive, aerospace, medical and energy sectors. It has 40 machines in its turning and milling centre, and can process aluminium, steel, titanium and high performance plastics. It generated a €17.4m turnover in 2017.

People
VR Equitypartner – Christian Futterlieb (CEO).

Advisers
Equity – Warth & Klein Grant Thornton, Klaus Schaldt, Wolfgang Klopsch (financial due diligence); Grant Thornton Untireu, Gerda Leimer (financial due diligence); Flick Gock Schaumberg, Martin Oltmanns, Christian Pitzal, Mathias Bülow, Matthias Thom (legal); Binder Grösswang, Andreas Hable, Christian Zwick, Clemens Willvonseder, Sabine Apfl-Trompeter (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• DACH
• Industrials
• Build-up
• Austria
• Grant Thornton