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Gimatic – Manufacturer of end-of-arm-tools (EOAT) for industrial automation applications

GM

 

Deal Facts:

  • Investment Date: June 2016
  • AGIC acquired a majority stake, with minority re-investment from the CEO and founder and Xenon Private Equity
  • Sales 2015: n.a.
  • Headquartered in Roncadelle, Italy
  • Website: http://www.gimatic.com/

Business Overview

  • Headquartered in Roncadelle in northern Italy, Gimatic develops and manufactures advanced pneumatic and mechatronic handling components and solutions for international blue-chip end customers and tier one suppliers in the automotive, plastics, electronics, food and pharmaceuticals industries, among others
  • It provides a complete offering of pneumatic gripper solutions (grippers, linear actuators, linear guides, quick exchangers), mechatronic gripper solutions, and various sensors for automation and grippers
  • The company has seen its annual sales grow by more than 20% over the past three years, with 80% of its business coming from Europe. Asia, although accounting for less than a 10% of sales,is seen as the market with the biggest potential

Investment Rationale

  • Industrial automation and robotics are key drivers for productivity increases in a large number of industries and enjoy strong secular growth worldwide. The global industrial robotics market, which was valued at USD36 billion in 2015, is experiencing rapid growth and is forecast to grow at 12% CAGR between now and 2022, driven in large part by China where the market is growing at 14% CAGR, according to Markets & Markets.
  • Future synergy opportunities with AGIC’s portfolio company KraussMaffei Group, a potential large blue-chip customer of Gimatic

AGIC Value Added

  • AGIC will help to accelerate Gimatic‘s growth by strengthening its international sales organization & providing access to strategic partners, especially in China. In addition, AGIC is supporting organic growth with select M&A in the EOAT sector. It is working closely with Gimatic‘s management team to execute the strategy and realise the value creation potential
  • AGIC to provide deep industry expertise through appointment of experienced board member and former CEO of KraussMaffei Group, Dr. Dietmar Straub

 

KraussMaffei Group Supplier of advanced plastics and rubber process machinery

KM

 

Deal Facts:

  • Investment Date: April 2016
  • Acquitision in consortium led by ChemChina; AGIC Capital with significant minority stake
  • Sales 2015: ~ EUR 1.2bn
  • Headquartered in Munich, Germany
  • Website: http://www.kraussmaffei.com/

Business Overview

  • KraussMaffei (KM) is a global leader in the plastics and rubber processing machinery industry with a focus on providing high-end tailor made products and comprehensive solutions to its customers. Its products and services cover the whole spectrum of injection and reaction molding and extrusion technology, giving the company a unique position in the industry
  • The company markets its offering to customers in the automotive, packaging, medical, construction, electrical, electronics and home appliance industries
  • With a more than 170 years long tradition of engineering excellence, KM currently employs around 4,500 people. With a global network of more than 30 subsidiaries and more than 10 production plants, supported by around 570 sales and service partners, the company is close to customers around the world

Investment Rationale

  • KM benefits from of the Industry 4.0 evolution, which allows to increase output of its machines, monitor the production steps and thereby take advantage of potential savings
  • Asia is one of KM’s key markets and major investment destinations. In China, the Company is expected to benefit in particular from the trend towards higher quality and sustainability
  • With the help of ChemChina and AGIC, KM can expand faster in high-growth areas, enrich its product portfolio and achieve economies of scale, thus further achieving top line growth and improving its profitability

AGIC Value Added

  • By leveraging their industrial networks, ChemChina and AGIC can help KM to identify and approach further customers and expand its position in Asia
  • Facilitate cross-cultural communication between KM and ChemChina; AGIC and ChemChina to develop a roadmap for long-term value creation by taking an industrial and operational approach to the business
  • Additional financial resources will be provided for bolt-on acquisitions to achieve economies of scale and drive internal efficiencies