PINOVA Capital | Stephens

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Financial Advisor

PINOVA Capital

€ 57.5 Million 10/06/2022 Power & Industrial Technology Complete
Financial Sponsors
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Transaction Details

  • Funds advised by PINOVA Capital GmbH (PINOVA) have sold their majority stake in WEETECH Holding GmbH (WEETECH) to Halma plc, a FTSE 100 company
  • Founded in 1973 and headquartered in Wertheim, Germany, WEETECH designs and manufactures electrical testing technology, enabling its customers to test the integrity of both high and low voltage electrical systems, including cabling harnesses, subassemblies and components
  • Its modular products are used in a range of industries, including by aerospace, avionics and rail manufacturers, the mechanical and electrical engineering industry as well as by Tier 1 suppliers to automotive manufacturers

About the company

WEETECH is the leading developer and manufacturer of test systems for cable, component and function tests in industries using low and high voltage applications. In the last 40 years, WEETECH built up a loyal blue chip customer base from the automotive, railway, aerospace and engineering industries. The close cooperation in planning, programming and installation of specific solutions has made WEETECH the benchmark in cable and functional testing.

PINOVA Capital is an independent private equity firm investing in high-growth technology companies in German-speaking regions. PINOVA Capital focuses on “Mittelstand” companies with sales between €10 million and €75 million in the sectors industrial technology and information technology, characterized by significant growth potential, sustainable competitive advantages and a strong market position in their niche.

Source: Press Release.
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