Blantyre Capital Limited (UK), acting as Investment Manager to its affiliated investment fund (Blantyre), announced that it has closed the acquisition of the assets of Seuffer GmbH & Co. KG, and Robert Seuffer GmbH & Co. KG, and the shares of Seuffer CZ s.r.o., for an undisclosed amount to form AST (Advanced Sensor Technologies) International GmbH (AST).

AST is a leading manufacturer of Sensors, Switches and Controls for the Commercial and Passenger Vehicle as well as White Goods and other industries, with headquarters in Calw, Germany. The business serves an international blue chip customer base.

In 2018, the Seuffer Group went into insolvency following failed investments in a new business segment. Under Blantyre’s ownership, the Company will now focus on building out its smart sensors and controls product portfolio. It will deliver on the strategy with its highly skilled and motivated workforce in Calw, Germany, and Tachov, Czech Republic. AST will have a healthy and sustainable capital structure, which will enable the company to remain a reliable partner to its customers and suppliers.

M&A process

The seller has been advised in the M & A process by Dr. Nadine Ulrich and Dr. Michael Thiele from Thiele & Associates Beratung und Beteiligungen AG, a well established M&A advisory firm focused on high-end midcap transactions. As member of Pandion Partners International Mergers & Acquisitions, Thiele & Associates is working with partner offices in 18 countries globally.