Reference project in the building/automation technology sector

WINTERGERST accompanies the sale of QUINtec Automation GmbH

QUINtec Automation GmbH based in Pleidelsheim, Baden-Württemberg, is a middle market player in the field of consulting and engineering solutions for building and automation technology.

Type
Sell-side distressed M&A
Revenue
EUR < 5 million
Period
2021
Industry
Building/Automation technology

Baseline

Due to the corona pandemic, the company found itself in a profitability and liquidity crisis. Customers delaying their projects exacerbated the situation. Insolvency proceedings were opened in May 2021 with operations continuing in full under own administration.

Challenge

Developing an attractive investment story based on an analysis of the core competencies of QUINtec within a very complex market as well as initiating a competitive transaction process within a short time frame was extremely challenging. The goal was to identify a buyer with a forward-looking strategy who was willing, at best, to retain all jobs at the current location.

Solution

A structured bidding process, clear communication and comprehensive support provided to interested bidders led to a number of takeover concepts meeting the qualifications being rapidly presented. The acquisition by a successfully-positioned family-owned group of companies resulted in all employees being taken over with the added boon of a strategic expansion of the location.

„Rud. Otto Meyer Technik is an ideal shareholder for us. It knows our business model and is very interested in continuing QUINtec as an independent brand as well as strategically expanding operations at the Pleidelsheim site. We are pleased that the Wintergerst team found this investor and handled the entire transaction process in such a professional and trustworthy manner.“

Stefan Vömel
Managing director of QUINtec Automation GmbH