German private equity firm SHS Capital has acquired a majority share in Essert, a life sciences robotics company based in Baden-Württemberg. This acquisition is the fourth transaction from SHS Capital’s SHS VI fund, following its recent acquisition of a majority stake in Dutch firm CAM Bioceramics.
Essert, founded in 2012, specializes in developing flexible robotics for the pharmaceutical and life science industry. Its flagship product, Essert MicroFactory, is an intelligent and modular production platform. It enables the creation of a scalable production line composed of advanced robotic workstations.
The CEO of Essert, Christopher Essert, expressed excitement about the partnership with SHS Capital. He believes that the firm’s long-standing sector expertise and wide network in the healthcare industry will help expand their customer base and accelerate growth. Christopher Essert will maintain a significant stake in the company alongside SHS Capital.
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The details of the deal have not been disclosed.
Dr Cornelius Maas, a partner at SHS Capital, sees Essert as an exemplar of their newly launched SHS VI fund. He describes the company as an established, medium-sized business that recognized early on the challenges of production in the pharmaceutical and life science sectors. With the current industry trend, Essert has the potential to establish itself as a market leader in Europe.
With this acquisition, SHS Capital aims to strengthen its investments in European healthcare companies and continue supporting innovative solutions in the life sciences field.
Source: Fagen Wasanni Technologies
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