Afinum-backed Liftket acquires Movecat

Afinum acquired Hoffmann Fördertechnik (now Liftket Hoffmann) in 2016 using its €280m Afinum Siebte fund. Financing for this transaction was also drawn from the fund.

This acquisition follows Liftket's purchase of Chainmaster in August 2018. The transaction was also supported by Afinum using equity from Afinum Siebte.

Torsten Schnieder, an investment director at Afinum, told Unquote that Movecat has a strong brand reputation and will continue to operate as a separate entity from Liftket. The company will focus on the development of products, and the expansion of production and sales at the company's headquarters. Following the transaction, Liftket and Movecat plan to expand further into the entertainment sector.

Schneider also told Unquote that Movecat's two managing shareholders remain significantly invested.

Company
Movecat manufactures kinetic equipment, such as chain hoists, winches, drives, controllers, cable systems and custom solutions. It employs approximately 80 staff and was founded in 1986. It is based in Nufringen.

People
Movecat – Andrew Abele (CEO).

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• Topics
• Expansion
• DACH
• Industrials
• Build-up
• Buy-and-build
• Germany
• Afinum