To fund further expansion NORD Holding Unternehmensbeteiligungsgesellschaft mbH (Hanover) has taken a majority stake in Teupen Maschinenbau GmbH, headquarters in Gronau, Westphalia.

This move on the part of the new investor should successfully contribute to further expanding the strong growth of the company. Both the managing directors, Alfons Thihatmer and Andreas Grochowiak, retain a significant share of the company and will continue to be instrumental in shaping the future development of the company.

Since its founding in 1977 Teupen has evolved from being a manufacturer of standard working platforms to being a world leader in the manufacture of crawler-mounted aerial access platforms for both indoors and outdoors.

The highlight of the extensive product range is the “LEO” series, a crawler-mounted access platform that enables access through standard doors and via stairs in shopping malls, airports, railway stations or office buildings. It moves over any floor surface and can reach working heights of up to 50 m. Teupen provides innovative solutions for the complete sector of care and maintenance in modern architecture and for example, equipped the new Berlin Central station with height access technology.

Its global sales network is ideally positioned and currently generates 75 % of turnover abroad. In the current reporting year Teupen expects to achieve annual turnover of € 45.0 mil. with a workforce of 160.

With its extensive network and its stake in the company NORD Holding provides a solid foundation to ensure that the significant growth potential in this young market niche is realised. “Particularly the markets of the USA, India and Brazil offer special opportunities that should be tapped into”, stated a spokesperson from NORD Holding.

With almost 40 year’s experience NORD Holding is one of the leading private equity companies serving the medium-sized sector. Its activities focus on the structure and funding of succession issues as well as expansion stage financing for middle market companies. At present the company has holdings in roughly 50 companies in Germany and German-speaking countries.

In contrast to the majority of other financial investors who manage only temporary funds, NORD Holding operates as a so-called “evergreen” without any time limitation. This enables the holding company to evolve and to use its growth potential without any external pressure.

For further information please contact:

NORD Holding Unternehmensbeteiligungsgesellschaft mbH – Ulrike Leistner

Telephone:         +49 511 270415-12

Telefax:             +49 511 270415-5

E-mail:               leistner...@...nordholding.de

Postal address: Villa Venture • Walderseestraße 23 • 30177 Hannover • GERMANY

Photo  1: Matthias Kues, CEO, NORD Holding

Photo  2: Villa Venture, Hanover, NORD Holding's headquaters

Photo  3: Management Team Teupen GmbH (l: Andreas Grochowiak, r: Alfons Thihatmer)