DBAG’s managed DBAG Fund V, mechanical and plant engineering company Dürr and further co-investors will also divest their interests in Broetje-Automation.
With this divestment, DBAG will generate a return that tops its usual return targets, the firm said in a statement.
Broetje-Automation designs and manufactures complete lines for the automated production of aircrafts in the aerospace industry.
DBAG and DBAG Fund V acquired the business in March 2012. At the time of entry the company had sales of €83m and 450 employees. Since then, the company has more than doubled its sales and it currently employs 850 people.