2019-12-23

IK Investment Partners acquires MDT

IK Investment Partners (“IK”) is pleased to announce that the IK VIII Fund has reached an agreement to acquire a majority stake in MDT technologies GmbH (“MDT” or “the Company”) from the Company’s founders. MDT is a leading manufacturer of building automation products based on the KNX standard.

Having entered the KNX market in 2009, MDT has become a leading manufacturer of smart building components, enabling the automation and control of multiple functions including heating, ventilation and lighting in both residential and commercial buildings. MDT offers a full range of innovative KNX components distributed mainly through electrical wholesalers in Germany. The attractive end-customer proposition has helped MDT to continuously outgrow the market and become one of the leaders in the KNX-field. 

Hans-Joachim Kremer, CEO of MDT, commented: “Since we entered the KNX market ten years ago, we have developed a high-quality, full-range product portfolio and have successfully established MDT as a preferred partner to our customers. We believe that IK is the ideal partner for supporting our organisation through the next phase of growth given their understanding of the wider building technology market and their experience in transforming local champions into international leaders. Together with IK, we aim to further capture the strong growth we see in the market while maintaining our focus on innovation and best-in-class products.”

Mirko Jablonsky, Partner at IK and advisor to the IK VIII Fund, said: “We are impressed by the success that Mr. Kremer and his team have achieved with MDT over the past decade. Since entering the building automation market, the Company has demonstrated significant growth year-on-year whilst maintaining highly efficient operations. Today, MDT is one of the leading players in the German market and acts as a key innovator in the KNX space. Together with the existing management team, we are excited to continue this journey and further strengthen MDT’s market position and drive future growth.”

Parties involved:
IK Investment Partners: Mirko Jablonsky, Alexander Dokters, Philipp Schmidt
Buyer M&A and debt advisor: Alantra (Frank Merkel, Maximilian Rohardt)
Buyer commercial due diligence: BCG (Maarten Bekking, Emmanuel Sissimatos, Martin Lueers)
Buyer financial and tax due diligence: Deloitte (Jens Schulze-Vellinghausen, Andrea Bilitewski)
Buyer legal advisor: White & Case (Stefan Koch)
Seller M&A advisor: Deloitte Corporate Finance Advisory (Michael Caspers, Reiner Schwenk)
Seller legal advisor: Görg (Helmut Balthasar, Florian Wolff)

For further questions, please contact:

IK Investment Partners
Mirko Jablonsky, Partner
Phone: +49 151 14148210

About IK Investment Partners

IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €10 billion of capital and invested in over 130 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

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