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Granville Baird GmbH Bocholt/ Hamburg, 21.07.2008. Private equity investor Granville Baird acquires a majority stake in Meier Vakuumtechnik GmbH as part of a management buy-out. Meier specializes in the development, production and sales of equipment for manufacturing photovoltaic panels. Considerable worldwide growth is expected in this market as electricity generation from solar sources will continue to expand.
An eye on the growth of the global solar panel market
"Meier Vakuumtechnik is the global market leader for laminators and excels with an outstanding opportunity to grow in a fast moving market", says Granville Baird partner Moritz Freiherr Schenck. "Its product range and its presence in all major world markets will provide the base for accelerating growth." Aloys Meier, founder of Meier Vakuumtechnik, and director Hans-Gerd Stevens welcome the new majority shareholder. "The management team is convinced that Granville Baird will help us to achieve our expansion plans and react quickly to new opportunities that become available."
About Meier Vakuumtechnik
The company was founded in 1999 as part of the Meier Group when the first laminator was developed as a piece of highly specialised equipment. Now Meier Vakuumtechnik offers a comprehensive range of solutions for encapsulating solar panels within fully automated production lines. In this business area the company is the global market leader. With plant facilities in Bocholt and Rossla the company has around 140 employees and will achieve a turnover of about € 50 million in 2008.
Further information: www.meier-vakuumtechnik.de
Press Contact:
Granville Baird GmbH Haus am Hafen Steinhöft 5-7 20459 Hamburg Moritz Freiherr Schenck zu Schweinsberg Dr. Gerrit Karalus Telefon: +49 40-37 48 02 10 E-Mail: info(at)granvillebaird.de
Granville Baird is a leading private equity firm in Hamburg specialising in growing mid-market German companies.
The team of 20, which includes 11 investment professionals, was established in 1999 and advises funds of €630 million.
20 investments have been completed so far including 6 out of the latest €350 million fund which was raised in 2007. The investor base includes many prominent European financial institutions.
Further information can be found at www.granvillebaird.de.
