M&A Deal Summary

KLEINER Acquires Boes Group

On May 1, 2024, KLEINER acquired manufacturer Boes Group from Cross Equity Partners AG

Acquisition Highlights
  • This is KLEINER’s 1st transaction in the Manufacturing sector.
  • This is KLEINER’s 1st transaction in Germany.

M&A Deal Summary

Date 2024-05-01
Target Boes Group
Sector Manufacturing
Buyer(s) KLEINER
Sellers(s) Cross Equity Partners AG
Deal Type Add-on Acquisition

Target

Boes Group

Neulingen, Germany
Boes Group develops and constructs high-performance composite stamping tools and produces high-precision stamped, bent and drawn parts. Using automated manufacturing processes and a range of modern machinery, approximately 420 million precision stamped parts are produced and packaged each year. The product range includes complex stamped parts and punched grids, modular units, small and very small product series as well as sample parts for use in product development. Boes Group is based in Neulingen, Germany.

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Buyer(S) 1

Buyer

KLEINER

Pforzheim, Germany

Category Company
Founded 1985
Sector Manufacturing
Employees300
DESCRIPTION

KLEINER develops, designs, manufacture of high-performance stamping tools in progressive composite and produces for the automotive, plastics, electrical, medical technology, and electronics industries. The product portfolio ranges from micro-stamped parts and snap domes to populated lead frames, which are replacing traditional printed circuit boards in many areas. KLEINER was founded in 1985 and is based in Pforzheim, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Cross Equity Partners AG

Zurich, Switzerland

Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Cross Equity is a Swiss private equity firm focused on investing in medium-sized growth companies in German speaking Europe with an enterprise value of CHF 15- CHF 150 million. Cross has specific interest in the engineering, mechanical engineering, industrial products and services sectors. The firms invest in the range of CHF 5 – CHF 15 million transactions. Prospective companies generally lead their respective markets and are profitable. Cross Equity was formed in 2008 and is based in Zurich with an additional office in UK.


DEAL STATS #
Overall 5 of 5
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Germany M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Rademacher

Rhede, Germany

Rademacher is a manufacturer of roller shutter and awning drives and garage door openers. Rademacher products can be used to control shutters, blinds, awnings and lighting from all over the world via internet access via smartphone or tablet. Rademacher was founded in 1967 and is based in Rhede, Germany.

Sell -