Capvis acquires Ostschweizer Variosystems

It is the second investment from Capvis Equity V, which held a final close on its €1.2bn hard-cap in September. The fund targets companies headquartered in the "industrial corridor" of Europe with enterprise values of between €100-500m.

Co-CEOs Peter Germann and Norbert Bachstein will retain stakes in the business and stay on in their management roles.

General manager of Variosystems' US division, Peter Ermish, will retain a stake and remain involved with the company on the board of directors. However, Ermish wil be replaced in an operational capacity by Roger Bieri.

Capvis will provide expansion capital to support Variosystems' further expansion and internationalisation strategy.

Company
Variosystems was founded in 1993 and is headquartered in Steinach. The company manufactures and distributes electronic equipment for various clients in the industrial, healthcare and aviation industries. Its services include hardware and software engineering, component manufacturing, equipment construction and cable assembly. In addition to Switzerland, it has operations in the US, Sri Lanka and China, employs 1,600 people and generated sales of CHF 175m in 2017.

People
Capvis Equity Partners – Boris Zoller (partner).
Variosystems – Peter Germann, Norbert Bachstein (co-CEOs).

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• Topics
• Buyouts
• DACH
• Industrials
• Switzerland
• Capvis AG