Callista acquires Nabtesco ITG

The company will now operate as Compressor & Components Manufacturing (CCM).

Marc Zube, chief operating officer at Callista, will act as the company's interim managing director.

Callista plans to assist the company with the development of its research and development services for its customers, according to a statement. The GP also aims to help the company to expand to new client markets, including medical technology, construction and agricultural machinery.

Callista focuses on majority investments in non-profitable businesses, which it generally acquires as part of carve-outs. The firm invests in companies with revenues of €10-200m, with a sweet spot of €20-100m.

Company
Nabtesco ITG, now known as CCM, is an automotive supplier. The company produces engine and compression parts such as crankshafts, cylinder heads and connecting rods for industrial compressors. Its automotive clients include Daimler and Knorr Bremse, according to its website. The company also supplies industrial refrigeration and air conditioning unit producers.

CCM is headquartered in Chemnitz and has an assembly site for commercial vehicles in Zschopau. The company reported revenues of €13m in 2019 and has 85 employees.

People
Callista Private Equity – Marc Zube (chief operating officer).

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