Direct Investments

NORD Holding acquires Transnorm, the materials handling engineering

12.07.2004

In a management buy-out orchestrated together with a management team based in the USA, Germany and the UK, NORD Holding Unternehmensbeteiligungs-gesellschaft, Hanover has taken a stake in Transnorm System Holding GmbH, headquartered in Harsum near Hildesheim. Transnorm has been acquired from the listed Swisslog AG, Buchs (Switzerland) who through its core business focus and has decided to divest the company.

With a turnover of approx. € 50 mio. and global presence Transnorm is a leading components manufacturer in materials handling engineering for light cargo weighing up to 250 kg. The company manufacturers curved belt conveyors and other specific key components at facilities in Germany, the UK, the USA and Malaysia for the respective local markets. The German facility also provides complete sub-systems as system solutions. The most important product group is the curved belt conveyor used to transport cargo with shifting directions safely and speedily. Transnorm is the market leader for this product with global market share of approx. 50 %. Transnorm's customer base includes the majority of international airports and large parcel carriers such as UPS or Deutsche Post AG, Further important customers are to be found in the logistics, mail order and consumer goods industries.

Transnorm employs a total of more than 300 employees, of which 190 are based at the German location in Harsum.

Supported by NORD Holding the company can go ahead and make the further investments required to expand its market position and via specific acquisitions contribute to the consolidation of the materials handling sector dominated by the medium-size business sector.

About NORD Holding

With its 50-year history and over € 2.0 billion assets under management, NORD Holding is one of the leading private equity asset managers in Germany with a focus on direct and fund investments.

The fund investments division targets the small- and mid-cap segment of the European private equity market through primaries, secondaries and co-investments.

NORD Holding has a strong focus on emerging buyout managers, hands-on investment strategies and regularly acts as an anchor investor. The division manages € 1.3 billion and ranks among the top decile fund investment groups in Europe.

The direct investments division of NORD Holding focuses on structuring and financing company succession models, acquiring parts of larger groups/subsidiaries as well as on expansion financing of medium-sized companies. In contrast to most other financial investors, who only manage closed-end funds, NORD Holding acts as a so-called "evergreen fund", thereby investing from its own balance sheet with no maturity restrictions. Currently, the fund has interests in more than 15 companies in the DACH region.

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NORD Holding
Unternehmensbeteiligungsgesellschaft mbH
Christiane Lukas
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30177 Hannover

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lukas@nordholding.de