Nord Holding exits CDA Holding

The transaction ends CDA's involvement with private equity, after it was sold to Nord Holding in 2011 in a secondary buyout from bm-t beteiligungsmanagement Thüringen. Since the purchase, Nord Holding increased CDA's sales by 40%.

OEM stated it can see great potential for CDA's products in the US market. It plans to increase capacity at CDA's offices and make new hires.

The buyer is headquartered in Charlotte and is a manufacturer of optical media.

Previous funding
Nord Holding acquired CDA Datenträger Albrechts from bm-t in June 2011 in an all-equity transaction.

Company
Founded in 1994, CDA is headquartered in Suhl and has approximately 200 employees. As well as manufacturing optical storage media in Europe, it also replicates chip-based storage devices in the automotive sector. It also produces components with micro structures, which apply 3D sensors for gesture control.

CDA generated turnover of €35m for the current financial year.

People
Raymond Zerrusen is CEO of OEM. Robert Pauli is a member of the Nord Holding management. Frank Hartwig and Nicolaus Hettler are directors of CDA.

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