Nimbus Buys Battenfeld-Cincinnati
Battenfeld-Cincinnati Group has been bought by European group Industrie Holding Nimbus. This is the second ownership change within less than a year after in late 2015, Battenfeld-Cincinnati’s then-owner, German investment group Triton, sold its holdings to Zweite VR Trust Beteiligungs UG. With the take-over, the battenfeld-cincinnati group will receive new financial resources and equity capital will be strengthened in a sustainable manner. The parties have agreed not to disclose details of the purchase price.
Battenfeld-Cincinnati CEO Gerold Schley said in a statement that the deal follows an internal restructuring last year. “We can now focus on further product developments and investments that will strengthen and expand our market leadership with Nimbus’ support,” he said. “We are delighted to have a new investor in Nimbus that will actively support and advance the new developments and growth plans of the battenfeld-cincinnati group.”
Nimbus Partner Ed van Dijk is looking forward to working together: "Nimbus invests in companies that have a healthy core. At Battenfeld-Cincinnati this core is the technical know-how and the quality of the team − whether we are in Europe, Asia or America."
battenfeld-cincinnati Austria GmbH
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