26.03.2013

Quadriga Capital as new shareholder


Lapp Insulators prepares for new growth: With the involvement of management Quadriga Capital signed a binding purchase agreement for the
acquisition of all shares in Lapp Insulators from the US-European investor, Andlinger & Company Inc. The future shareholders intend to utilize the various growth opportunities in this market.

The leading manufacturer of insulators for industry, electrical power distribution and infrastructure thus prepares to continue its international growth. With more than $ 169 million annual revenue, 1,100 employees and production sites in Germany, USA, Poland, Romania and China, LAPP Insulators Group is a leading provider in the market for high-quality high performance insulators. In more then 70 countries the products are used in high and extra-high voltage transmission lines, substations, switchgear and railway installations.

 “Within the last ten years we have transformed LAPP Insulators successfully from a local American manufacturer to a leading international player. We will consistently continue in this direction and elevate the company to the next stage of development", said Dr. Bernhard Kahl, managing director, spokesperson for the Group and head of the European business of LAPP Insulators.

"We are delighted that with Quadriga Capital we have found an experienced partner who does not only share our vision for the future LAPP Group, but also introduces the financial strength to support the planned corporate development", added Rob Johnson, managing director and head of the US sales department.

"LAPP Insulators is managed by an experienced and committed management team that has extremely high competence in the various regions and market segments at all locations. We are pleased to assist and support LAPP Group with this team in the expansion of its global market position", said Dr. Roland Egerer, Partner of Quadriga Capital.

Quadriga Capital is a venture capital company specializing on equity capital solutions for SME companies. The venture capital company focuses on solutions for succession plans, autonomization of corporate companies, financing of two growth strategies and support of strategic restructuring.

Here you can download the complete press release as PDF
.


2011/08/19




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