Strengthening of Electronics division and synergies within the PRIMEPULSE Group.
Munich, 07 January 2019 – Munich-based investment holding PRIMEPULSE SE has acquired all shares in ETL Elektrotechnik Lauter GmbH (“ETL”), one of Germany’s most up-to-date EMS providers (Electronic Manufacturing Services). The company with its headquarters in Mauerstetten (Southern Germany) strengthens the EMS business activities of PRIMEPULSE Group which already consists of Katek Group, Grassau, and Steca Elektronik, Memmingen. The integration of ETL and access to the expertise and resources of the powerful PRIMEPULSE network will result in numerous synergies both within the division and throughout the Group.
ETL employs 180 people and generates sales of around 40 million euros. Its service and solution competence covers the entire life cycle of electronic assemblies and devices from development support, material and project management, production and logistics to after-sales service. Customers of ETL operate, amongst others, in the sectors medical technology, industry, aviation, sensor technology, security technology and railway technology.
Klaus Weinmann, CEO of PRIMEPULSE SE: „We observe that the EMS business is being influenced by trends such as IoT, embedded computing, and the rapid development of new technologies. Given the numerous new applications and services made possible by digitization, the EMS market promises great potential for growth. ETL is on a very high technical level especially in the IoT area. With ETL, we gain not only an experienced and motivated management team, but also an established company with a first-class reputation in the electronics field.”
For technology-focused PRIMEPULSE Group, the acquisition of ETL is a logical strategic step on the way to becoming one of the top three German EMS providers.
The strong competencies of the portfolio companies in the two PRIMEPULSE business areas of technology and industry are, in addition to targeted acquisitions, the drivers for the Group’s dynamic growth. This is reflected in PRIMEPULSE’s intention to exceed one billion in Group sales in the current financial year with over 4,300 employees in the consolidated companies.
“With PRIMEPULSE as our new owner and strategic partner, we are optimally prepared for our future development to realize our growth potential and to increase our competitiveness,” says Managing Director Marc Lauter, who will continue to lead the company together with his brother Jürgen Lauter.
The closing of the transaction is still subject to the approval by the antitrust authorities.