Key Facts
| Business Model | High-precision turning and cold forging specialist for the automotive industry |
| Industry | Automotive |
| Turnover | ca. 50 million euros p/a |
| Staff complement | 350 |
| Acquisition date | November 2019 |
| Investor advised by DUBAG | SMC Capital |
Operational Details
Initial and/or special situation
- Private company with unsolved succession
- Financial difficulties which ultimately led to insolvency
- Outdated management structures
Turnaround results
- Deployment of management with turnaround experience
- Strict implementation of the initiated change of strategy
- Reorganization of the company’s administration
- New business acquisition
