Adcuram-backed MEA bolts on ASM

Adcuram, an industrial group, closed its Adcuram Fund I on €150m in 2012 and purchased MEA in August 2018. Capital from the deal came from MEA's available liquidity.

The deal was sourced via the MEA management team's network.

ASM will integrate with MEA's metal applications business and will contribute automated manufacturing capabilities to MEA's steadily growing order volume. MEA hopes to see expansion with existing customers, development of additional market segments, further technological development and an expansion of the sales network.

MEA plans to invest in ASM's Münsingen factory to grow it into a centre for the metal applications business.

Company
Founded in 1872, ASM began producing steel and stainless steel gratings 50 years ago. Based in Münsingen, the company sells into the manufacturing, agriculture and construction industries. The company produces mesh gratings in different sizes, material thicknesses and mesh sizes.

People
Adcuram – Philipp Gusinde, (CEO, member of MEA advisory board).
MEA – Torsten Wende (managing director of metal applications business).

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