HARTING Technology Group: Strategic partnership forged with Studer Cables AG
The HARTING Technology Group, a worldwide leading provider of industrial connectivity for the three lifelines of "Data, Signal and Power", is forging a strategic partnership with Studer Cables AG headquartered in Däniken/Switzerland.
As Philip Harting, CEO of the HARTING Technology Group, stated: "Studer Cables AG is a technology and market leader for high-performance cables in the energy, infrastructure, mechanical engineering and mobility sectors. The partnership will enable us to expand our solutions portfolio, strengthen our market position and serve our customers with new connectivity solutions." The strategic partnership has been forged in the course of the takeover of Studer's parent company "HC Holding Epsilon AG" by the Harting family of entrepreneurs.
"With the Harting family of entrepreneurs, we have a long-term oriented owner at our side. This provides us with stability and the best conditions for further growth," as Bruno Fankhauser enthuses, who will continue to head up Studer Cables AG as CEO with his management team.
Philipp Berner, Managing Partner at Helvetica Capital ("HC") commented: "We are pleased to have once again created value for all stakeholders and paved the way for the next phase of growth with Helvetica Capital's proven approach through entrepreneurial and close collaboration with investors, management and employees".
In the past business year Studer Cables AG generated sales of approximately € 200 million and will continue to operate as an independent company on the market. Both parties agreed not to disclose the purchase price. The transaction is expected to be closed by the end of September.