BG PS, now under the new brand Aerumtec, is a leading specialist manufacturer of copper-based products and solutions. Its products are customized to individual customer requirements and are installed within a wide range of industries, including aviation, renewables and industrial applications. Headquartered in Germany, the Group runs production facilities in Germany, the UK and China, employing over 500 people globally. The transaction was closed on December 13, 2023, as a carve-out from Leoni AG.
Capmont plans to develop Aerumtec into an independent company by, among other measures, introducing a new corporate structure tailored to a medium-sized company, a new brand and an independent IT system. Henrik Munte, Managing Director of Capmont Opportunities, emphasizes: "Aerumtec is renowned for its best-in-class products and metallurgical know-how. Its end markets will benefit from long-term growth trends that offer significant potential. Macroeconomic developments such as the shift to e-mobility and the expansion of renewable energies further underpin its unique positioning and long-term growth potential.”
Capmont intends to increase Aerumtec’s attractiveness as an employer and will retain and attract highly qualified employees in a seminal market segment with great potential. “We look forward to this exciting next step as an independent company under the leadership of Capmont. On this basis, we intend to build our position as market leader and expand our market share,” states Aerumtec CEO, Dr. Harald Wieland. “Key to our success are our employees, with their know-how, motivation and ingenuity, and we look forward to developing this company together with them.”
Gerd Schuster, Head Strategy and M&A of Leoni AG explains: “Leoni intends to consolidate its leading position in wiring systems and automotive cables. Against this background, Leoni is no longer the best owner to realise the full business potential of BG PS. Capmont's stated objective is to further develop the business of BG PS, and we wish the new leadership much success in further developing this business and driving its future growth.”
About Aerumtec
Aerumtec is a leading specialist manufacturer of copper-based products and solutions. It offers a unique choice of wires, strands and ropes made from copper and alloys bare and plated, as well as composite materials. Products are customized to individual customer requirements and are installed within a wide range of industries, including automotive, aviation and industrial applications. Headquartered in Weißenburg, Germany, and with over 500 employees globally, the company has an international production footprint with five production facilities in Germany, UK and China.
About Leoni AG
Leoni is a global provider of products, solutions and services for energy and data management in the automotive industry. The value chain ranges from standardized cables and special and data cables to highly complex wiring systems and related components, from development to production. As an innovation partner with distinctive development and systems expertise, Leoni supports its customers on the path to increasingly sustainable and connected mobility concepts, from autonomous driving to alternative drives as well as charging systems. To this end, Leoni is developing next-generation cable solutions and wiring systems that reduce complexity and enable higher levels of automation, for example through zonal architecture. The group of companies employs about 95,000 people in 27 countries and generated consolidated sales of EUR 5.1 billion in 2022.
About Capmont
Capmont GmbH (Capmont) is an entrepreneurial alternative asset management platform with over EUR 4.0 billion in assets under management. It is focused on Europe and its investment strategies include: Value, Technology, Real Estate and Special Situations. Capmont Opportunities is Capmont's special situations strategy and invests specifically and highly selectively in companies that offer significant operational and financial upside potential and where an active investment approach can create sustainable value. Capmont Opportunities invests in small and medium-sized companies in the DACH region and surrounding European countries that show substantial potential with regard to sales and earnings improvement. Typically, the team is active in the context of corporate carve-outs, restructurings, MBOs and MBIs. It is an active hands-on investor with an own operational team on site in its portfolio companies and supports them not only with capital but also with operational and strategic know-how.
www.cmont.com
www.cmont.com/en/opportunities