HIG Capital has acquired a majority stake in Beinbauer Group, a German complex machine metal parts supplier for the commercial vehicle industry.
Headquartered in Büchlberg and founded in 2013, Beinbauer provides customers with axel, frame, chassis and engine parts from a single source. The group has four production sites in Germany and employs around 700 people. In 2017, Beinbauer generated revenues of more than €200m.
With HIG’s investment, Beinbauer will look to grow organically within the commercial vehicle market and will seek out strategic acquisitions. Beinbauer’s management team, headed by Tobias Lührig und Patric Meeth, will continue to lead the group.
“Led by a dedicated and highly experienced management team, Beinbauer has shown a strong development in recent years and demonstrated that it plays an important role as a reliable supplier to the European heavy vehicles industry,” HIG Europe managing director Wolfgang Biedermann said.
“With its clear focus on offering its customers a highly flexible “one-stop-shop” solution, Beinbauer can further strengthen and expand its position in an attractive market segment of the European automotive industry,” he added.