24/02/2022

Saxenhammer advises TS TestingService GmbH and TS GiM GmbH on the sale to Test Industry (IGI Private Equity)

Saxenhammer acted as exclusive financial advisor to TS TestingService GmbH and TS GiM GmbH on the sale to Test Industry (IGI Private Equity) in a structured M&A process.

The TS Group is a globally active group of companies based in Aachen, Germany, consisting in total of 11 companies with over 400 employees. The group is active in the fields of NVH and efficiency testing, hybrid and e-motor transmissions, production facilities for energy storage and water supply. A special focus is on the development of green technology solutions. TS GiM was founded in 1994 and its core business is the construction and development of cardan shaft test rigs. TS TestingService was founded in 2005 and is a leading producer of wheel and tire test benches. Test Industry, a company in the portfolio of the fund IGI Investimenti Sei (IGI Private Equity), enters the German market by acquiring 100% of two companies: TS TestingService GmbH and TS Gim GmbH, both of the TS Group GmbH. The process was led by Christian Saxenhammer (Managing Partner), who was supported by Marcel Brix (Vice President) and Benjamin Wolfinger (Associate). “I am very pleased that TS TestingService GmbH and TS GiM GmbH have found a new homes in the Test Industry Group" and adds "the process was very well structured on the part of Saxenhammer, our expectations were even exceeded.", commented Dr. Stephan Koehne, managing partner of TS Group. "The double acquisition will allow Test Industry to grow internationally and establish itself in new European markets" said CEO Paolo Mastrostefano. "Now we can focus on a greater reinforcement and organization of management so as to adequately support the company's growth path".

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