Quadriga backs merger of Vescon and Schiller

The combined group will employ 700 people and expects revenues in excess of €100m for 2018. Both companies specialise in automation of automobile chassis assembly.

Quadriga said it will support the group's growth by investing in employees and innovation, as well as strengthening the platform with add-on acquisitions.

The GP has introduced Michael Goepfarth, who will become CEO of the joint holding, complemented by Peter Bürger, managing director of Vescon.

Company
Vescon was founded in 1992 and is headquartered in Frankenthal. The company plans and commissions automated product lines for the automotive, pharmaceutical and chemicals industries. The company has offices in Germany, Austria, Slovakia, Hungary and Poland, and employs 500 people. It generated sales of €60m in 2016 (the last year publicly available).

Schiller was founded in 1990 and is headquartered in Osterhofen. The company has operations in Germany and China, and employs 200 people.

People
Quadriga Capital Partners – Jörg Mugrauer (partner).
Vescon – Peter Bürger (managing director).

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