PINOVA Capital has sold its majority stake in WEETECH Holding GmbH to Halma plc.
WEETECH is a leading international developer and manufacturer of test systems for cable, component and function tests in the low and high voltage range. The Wertheim-based company has been developing, manufacturing and selling test systems for over 45 years. These systems are based on a modular system architecture and can be configured for customer-specific requirements and different test tasks. In 2016, PINOVA Capital acquired WEETECH and has since successfully developed it further.
Halma is a global FTSE 100 group of life-saving technology companies.
PINOVA Capital is an independent investment company that invests in fast-growing technology companies in German-speaking countries. PINOVA Capital focuses on medium-sized companies with revenues between EUR 10 million and EUR 75 million in the industrial technology and information technology sectors, which are characterised by significant growth potential, sustainable competitive advantages and a strong market position in their niche.
taxess provided tax and structural advice on the sale.