PARAGON PARTNERS joins in the group of shareholders of Asic Robotics AG (“Asic”), headquartered in Burgdorf, Switzerland. Paragon, together with the existing shareholders STS Management AG and Renaissance Anlagenstiftung, will support the future growth of the group. The continuity amongst the shareholder structure endorses Asic’s successful strategy of sustainable growth as quality leader for automation solutions for national and international customers which will continue in the future. The transaction was closed on July 12th 2018.
Asic Robotics AG, based in Burgdorf, Switzerland, develops and manufactures custom-built machines for production, assembly and testing processes for a wide variety of industries e.g. automotive, med-tech, watchmaking and electronics. The customer-specific machines are used in production plants worldwide and are an indispensable part of the dynamic and efficient production processes of Asic’s customers. Based on its industry-leading development competence combined with its deep knowledge of customer requirements and production processes, Asic, during the past 20 years, has become the market-leading provider for automation solutions in the German-speaking market.
Beside Asic Robotics AG, the Group consists of Pematech AG, based in Radolfzell, Germany, focused on assembly and production solutions for electronics, as well as three Swiss supplier companies (Scheidegger AG, Zihlmann Profiltechnik AG and Zufag AG) which secure quality and availability of key precision parts required for the machines and at the same time supply third-party customers. Supported by Paragon and the co-shareholders, the group will continue its growth strategy and advance on the integration of the group companies.
“We are deeply impressed by Asic’s market-leading position, gained from their hard work, innovative solutions and highest quality standards”, comments Marco Attolini, Managing Partner of PARAGON PARTNERS. “We are looking forward to support and shape the future development of the Asic group in close cooperation with management and our co-shareholders.”
“We are happy to have won PARAGON PARTNERS as new investor”, explains Dr. Beat Sturzenegger, chairman of the supervisory board of Asic Robotics AG. “As experienced and entrepreneurial equity investor with strong Mittelstands-focus and a track record of investment in Switzerland, PARAGON PARTNERS is a perfect fit with Asic and the existing investor base – the right partner at the right time. We share a common vision for the group and are looking forward to the new momentum Paragon will bring.”
Further information is available at www.asic.ch
About PARAGON PARTNERS
PARAGON PARTNERS, founded in 2004, is a leading private equity group in the German speaking countries with more than EUR 650m of equity capital under management. PARAGON PARTNERS works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. PARAGON PARTNERS looks to unlock value in fundamentally attractive businesses, leveraging its ability to address transactional and operational complexity and transform companies through tailored value creation programs. The firm is based in Munich, Germany.
Further information is available at www.paragon.de