HIG Capital signed a definitive agreement to acquire a strategic stake in Germany-based machine tool manufacturer HELLER Group.
The deal, which remains subject to antitrust clearance, marks a significant partnership between HIG and the fourth generation of the Heller family.
Founded in 1894 and headquartered in Nürtingen, Germany, HELLER is a leading provider of CNC machine tools and manufacturing systems, specializing in high-precision, high-productivity metal processing. The company employs over 2,600 people and operates five production facilities across Europe, Asia, North America, and South America. With 30 sales and service branches worldwide, HELLER serves industries including engineering, aerospace, energy, defense, and commercial vehicles.
HIG, a global alternative investment firm managing $67bn in capital, will support HELLER’s ongoing transformation program, initiated two years ago under CEO Dr. Thorsten Schmidt. The partnership will leverage HIG’s deep manufacturing expertise, global network, and capital resources to drive growth while ensuring that the Heller family retains a significant ownership stake, maintaining the firm’s identity as a long-standing family business.
Source: PR Newswire
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