EQT invests in BBS Automation
EQT's mid-cap vehicle, EQT Mid Market Europe, has invested in Garching-based BBS Automation, an automated production system manufacturer.
The deal is in partnership with co-founders Josef Wildgruber and Uwe Behr to support the further expansion of the business.
With the fresh capital, BBS plans to grow organically and through add-on acquisitions in new markets.
The deal is the seventh investment from EQT's 2016-vintage EQT Mid Market Europe fund. The vehicle typically deploys equity tickets of €80-150m.
Company
Established in 1965 and headquartered in Garching, Germany, BBS develops, builds and installs automatic production systems for a range of industries.
It employs a staff of 600 across production sites in Germany, China, Malaysia and the US.
People
EQT Partners – Andreas Fischer (partner).
BBS Automation – Josef Wildgruber (CEO).
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