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German industrial group invests in UK automation specialist

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Schauenburg International of Germany has invested in a majority shareholding in Astech Projects in a deal advised by leading M&A advisor BCMS. 

Cheshire-based Astech specialises in the custom design, build and systems integration of robotics and automation applications for advanced manufacturing and regulated industries. Astech’s success has been generated from the supply of bespoke solutions for clients in the pharmaceutical, medical device, consumer healthcare and chemical sectors.

Headquartered in Mülheim an der Ruhr, Germany, Schauenburg is a long term strategic investor, that focuses on well-established industrial enterprises who are leaders in niche markets. 

With a policy of partnering and leaving management unchanged it allows each company to retain its identity and to build upon its own strengths while also benefiting from the support and experience of a diversified and globally represented Group.   

With a niche specialism in robotics and automation, identified growth opportunities and a strong leadership team in place, Astech met Schauenburg’s acquisition criteria, and provided synergies with other companies in its portfolio. 

Florian G. Schauenburg, CEO of Schauenburg International commented: "The addition of Astech to our portfolio represents a new market, and technology segment with high potential and corresponding synergies. Astech will support many activities, for example in the field of analytics and environmental monitoring.”

Christopher Hansford, Managing Director of Astech Ltd added: "We are excited about the possibilities that arise from the partnership. By joining the Schauenburg group we can maintain our operational independence while benefitting from its business experience. Our shared passion for innovation and quality indicates that we will form a strong team.”

Mac Edwards, BCMS Deal Leader, who led the transaction said: “Schauenburg has an impressive history partnering successful businesses that can function autonomously while benefitting from needs-based support to allow growth. This ethos was a strong strategic fit for Astech and will enable the company to exploit the significant opportunities that are present.

“Schauenburg has been a pleasure to deal with during the negotiations on behalf of our client and it has been rewarding to find the perfect partner for Astech. The shareholders are delighted with the outcome and feel that this is the best result for Astech and its future success.

“This cross-border deal, which generated interest from a number of parties located in mainland Europe, continues a trend for overseas investors acquiring UK-based niche technology companies.” 

Astech was advised by leading M&A specialist BCMS. The value of the deal is undisclosed.

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Posted Feb 2016
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