With Renaissance's investment, the company will continuously be developed in its proven manner. There will be no changes for employees or the sites located in Burgdorf and Radolfzell.
As part of the transaction, Paragon is selling its shares to Renaissance, whose evergreen fund structure is geared towards long-term value creation. This creates the ideal conditions for continuity, strategic development and entrepreneurial independence at the Asic Group.
The previous major private shareholder, Stefan Schelker (entrepreneur and investor), will continue to hold a significant stake. In addition, the ownership structure will be strengthened by additional investments from the company's environment. The new ownership structure thus consistently stands for the industrial locations of Switzerland and Germany, stability and corporate responsibility.
Micha Kühne, CEO of Asic Robotics AG: "With the new shareholder structure, Asic Robotics is ideally positioned to continue its growth strategy in the long term and further expand its position as a reliable partner."
Milo Gasser, new Chairman of the Board of Directors of Asic Group: "The capital investments of the previous investors and the additional investments from the company's environment underline the joint commitment to the long-term development of Asic Group and ensure a close alignment of interests between owners and management."
Speaking on behalf of the new majority shareholder, Martin Herceg, Investment Director at Renaissance, says: "Renaissance looks forward to accompanying Asic Group in the long term and supporting sustainable growth based on stability, corporate responsibility and strong local roots, whereby we not only fully respect the company's industrial DNA and strategic independence, but also explicitly facilitate them."
Marco Attolini, Senior Partner at Paragon, and Max Moser von Filseck, Partner at Paragon, add: "We would like to thank the management team at Asic for their successful and trusting cooperation and congratulate them on the successful implementation of their growth strategy to date."
About Asic Group
Asic Group (www.asic-group.ch) is an internationally active group of companies comprising three high-performance companies from Switzerland and Germany with a shared passion for modern automation and industrial robotic solutions: Asic Robotics AG, Ambis Solutions AG and Pematech GmbH. The group has 40 years of experience in various industries and offers solutions in the areas of testing and assembly lines for electronics manufacturing, assembly automation and feeding technology.
With around 230 employees, Asic Group is one of the leading suppliers in special machine building with a focus on testing and assembly technology. The companies are characterised by in-depth technological expertise and the daily enthusiasm of all employees for successful customer projects.
About Renaissance
For 25 years, Renaissance (www.renaissance.swiss) has been the partner of Swiss SMEs in settling their succession. Renaissance actively supports entrepreneurs in the succession of their companies as well as managers who want to take over their companies themselves.
Renaissance's capital comes exclusively from Swiss pension funds that are affiliated with the Renaissance Investment Foundation. Renaissance is represented in Zurich and Lausanne and offers support and certainty during the succession phase while ensuring long-term stability in terms of ownership and management.
About Paragon
Paragon (www.paragon.de) is an owner-managed, private group of companies that has been invested in medium-sized companies in German-speaking countries since its foundation in 2004. Paragon works closely with its portfolio companies to ensure sustainable growth and improve operational processes. The Paragon portfolio spans various industries and currently comprises 13 companies. Paragon is based in Munich and currently manages over €2.4 billion in equity capital.