VR Equitypartner sells Vohtec to trade
VR Equitypartner has sold its stake in materials testing business Vohtec Qualitätssicherung to trade buyer Element Materials Technology.
The deal ends a five-year holding period for VR Equitypartner, which acquired a 49.9% stake in the business in July 2013.
Vohtec has expanded its operations significantly during the GP's investment period. It wholly acquired its sister company in 2014, opened a new location near Munich and merged with Böllinger Qualitätssicherung in 2016.
Element employs 6,200 people at 200 facilities in the US and Europe. It provides testing services to the aerospace, oil & gas and transportation sectors.
Company
Vohtec was founded in 1997 and is headquartered in Aalen. The company specialises in destructive and non-destructive materials testing, and develops comprehensive quality assurance services for its clients including Daimler, Volkswagen, BMW and Audi.
People
VR Equitypartner – Christian Futterlieb (managing director).
Vohtec Qualitätssicherung – Roland Vogt (managing director).
Element – Charles Noall (president).
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