Schauenburg International invests in Astech Projects
Schauenburg International of Germany has invested in a majority shareholding in robotics and automation specialist Astech Projects, in a deal advised by 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, Schauenburg 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.
At the time of the transaction in 2016, 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.”