Trade Sale of TRITEC to G&D to form a new Technology Group
Frankfurt am Main, 25 January 2022. ACXIT Capital Partners acted as exclusive financial advisor to the shareholders of TRITEC Electronic AG and LXCO Technologies AG (together “TRITEC”) on the sale to Guntermann & Drunck (“G&D”). This transaction will strengthen the portfolio of the group by complementing the product offering of Guntermann & Drunck – a leading technology provider of high-performance KVM (Keyboard, Video, Mouse) solutions – with TRITEC’s display management skills and expertise in the medical sector. The transaction is backed by Naxicap Partners, G&D’s current investor.
TRITEC, established in 1991 and headquartered in Mainz, Germany, is a leading provider of mission-critical Multi Display Manager (MDM) devices for medical image processing solutions, with a strong focus on cardiology operating rooms. The company designs, develops and manufactures its products in-house.
With its core offering (MDM devices) the company’s products operate at the intersection of medical imaging devices (C-arms, endoscope, live monitor) and the displays for image-guided, minimally invasive procedures. Its MDM devices allow customers to collect, mix and transmit various input signals on up to 5 outputs at highest resolutions (8MP) per direct cabling at near-zero latencies while securing continuous uptime. Input video signals can be displayed on any position on the output devices (e.g. monitors) at custom scaling and cropping.
TRITEC’s independence will be maintained and Jürgen Bullacher, founder and CEO of TRITEC, and Markus Müller-Heidelberg, COO, will remain with the company after the transaction is completed. Together with the G&D management they will drive the group’s future growth.
Jürgen Bullacher, CEO and founder, and Markus Müller-Heidelberg, COO of TRITEC reflect on the transaction: “With the transition of TRITEC into a broader ownership structure, we create a meaningful corporate succession that transfers our successful and long-standing culture, supported by reliability, innovation and trust, for our customers and employees into a new group of companies. We are building innovation and growth on a strong and resilient foundation for the future. In G&D, we have found a strong partner with access and expertise in market segments that we have not previously tapped in. Technologically, our joint customers benefit from broader development power and great innovative strength. The experience gained in different markets and the combination of both technologies will create new opportunities and products, as well as synergies in marketing and sales, which we are very much looking forward to.”
Roland Ollek, CEO of G&D comments: “We look forward to working together with Jürgen Bullacher and Markus Müller-Heidelberg and the whole TRITEC team to further expand innovation and growth. We see high future growth potential for TRITEC alongside G&D leveraging on multiple synergies. Furthermore, our clients will benefit by having both companies’ expertise under one roof.”
Joseph Pacher-Theinburg, Investment Manager of Naxicap Partners states: “This transaction is an outstanding opportunity for the future growth of TRITEC and G&D. The new product portfolio and the complementary expertise will unlock new potentials and we are looking forward to the years to come.”
TRITEC, established in 1991 and headquartered in Mainz, Germany, is a leading high-end manufacturer of mission-critical medical Multi Display Manager devices which are used to flexibly display multiple input video signals on one or more screens in minimally invasive cardiovascular interventions. The company offers its products globally via its OEMs, imaging solution provider, and system integrator customers.
About Guntermann & Drunck
Guntermann & Drunck (G&D) is a leading international provider of high-performance KVM solutions for a wide range of industries. The solutions enable pixel-perfect, secure and real-time video signal transmission over long distances for mission-critical applications. G&D’s modular technology offering comprises “classical-digital” KVM and KVM-over-IP solutions. The company is active for more than 35 years and based in Siegen, Germany.
About Naxicap Partners
Naxicap Partners – a subsidiary of Natixis Investment Managers – is one of the leading European private equity companies based in France and currently manages assets of EUR 5 billion. As a committed and responsible investor, Naxicap Partners builds constructive and sustainable partnerships with entrepreneurs to ensure mutual success. The company has more than 40 investment professionals in five offices in Paris, Lyon, Toulouse, Nantes and Frankfurt. The investment company has been active in Germany since 2016. Since the opening of the Frankfurt office in 2018, the investment activities in German-speaking countries have been coordinated from there.
ACXIT Capital Partners is a leading international corporate finance and financial advisory firm for mid-market clients, and entrepreneurs in Europe and beyond. Since 1998, we offer our clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Munich, Zurich and New York as well as strong alliances in the UK and France. Our clients are corporations, family-owned businesses, entrepreneurs, financial sponsors and family offices.
Transaction Team ACXIT Capital Partners
Tobias Warkus, Managing Partner
Gunther Haberkamm, Senior Director
Julius Ohlenbusch, Analyst
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