Asic Group realigns shareholder structure and focuses on continuity and a long-term perspective

With Renaissance’s participation, the company’s development will continue to pursue its long-standing strategic direction. There will be no changes for employees or for the sites in Burgdorf and Radolfzell.

As part of the transaction, Paragon will sell its shares to Renaissance Evergreen, whose fund structure is geared towards long-term value. This creates optimal conditions for continuity, development and continued entrepreneurial independence for the Asic Group.

The previous private major shareholder, Stefan Schelker (entrepreneur and investor), will remain a significant shareholder. In addition, the ownership structure will be strengthened by further investments from within the company. The new ownership structure thus consistently stands for the industrial locations of Switzerland and Germany, stability and entrepreneurial responsibility.

Marco Attolini, Senior Partner at Paragon, and Max Moser von Filseck, Partner at Paragon, add: «We thank the Asic management team for the successful and trusting collaboration and congratulate them on the successful implementation of the growth strategy.»

Milo Gasser, new Chairman of the Board of Directors of the Asic Group: «The capital investments of the existing investors and the additional investments from within the company’s network underline the shared commitment to the long-term development of the Asic Group and continue to ensure a close alignment of interests between owners and management.»

Representing the new majority shareholder, Martin Herceg, Investment Director at Renaissance, states: «Renaissance looks forward to supporting the Asic Group over the long term and to fostering sustainable growth based on stability, entrepreneurial responsibility and strong local roots. We not only fully respect the company’s industrial DNA and strategic independence but explicitly promote them.»

About Paragon

Paragon Partners GmbH is an owner-managed, private group of companies that has been investing in medium-sized companies in German-speaking countries since it was founded in 2004. Paragon works closely with its portfolio companies to achieve sustainable growth and operational excellence. Paragon’s portfolio covers various industries and currently consists of 13 companies. The company is based in Munich and has more than €2.4bn of equity under management. Further information about the company can be found at www.paragon.en

About the Asic Group

The Asic Group brings together three high-performing companies from Switzerland and Germany under one international group with a shared passion for modern mechanical and plant engineering: Asic Robotics AG, Ambis Solutions AG and Pematech GmbH. Drawing on 40 years of experience across various industries, the group provides solutions in the areas of test and assembly lines for electronics manufacturing, as well as assembly automation and feeding technology.

With around 230 employees, the Asic Group is one of the leading providers in special-purpose machinery with a focus on testing and assembly technology. In-depth technological expertise and the daily enthusiasm of all employees for successful customer projects shape the companies.

About the Renaissance Anlagestiftung

For 25 years, Renaissance has been a partner to Swiss SMEs in succession planning. Renaissance actively supports entrepreneurs in transferring ownership of their companies as well as managers who wish to take over their company themselves.

Renaissance’s capital comes exclusively from Swiss pension funds that are brought together in the Renaissance Investment Foundation. With offices in Zurich and Lausanne, Renaissance provides support and security during succession phases while ensuring long-term stability in terms of ownership and management.