NORD Holding invests in mobile height access technology - Teupen Maschinenbau (Gronau) gets a new shareholder
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.
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.