Harris Williams Advises teamtechnik Production Technology on its Sale of a Majority Stake to TDJ
January 14 2020 - 12:57PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it has advised
teamtechnik Maschinen und Anlagen GmbH (ttMA) on the sale of a
majority stake in its subsidiary teamtechnik Production Technology
Sp. z o.o. (ttPT) to TDJ S.A. (TDJ), a Polish family-owned
investment company.
ttMA is an international market leader for production
technology, assembly and functional test systems across the
automotive, medical and energy industries. Its former Polish
subsidiary ttPT focuses on next generation automotive assembly
systems. The transaction, led by Jeff Perkins and Florian Ripperger
of the Harris Williams Industrials Group, builds on the firm’s
experience in the industrial technology sector and automation
technology in particular.
“ttPT is a clear market leader in this space in Central and
Eastern Europe. Over the last several years, the company has built
a reputation for e-drive, autonomous driving and safety solutions
serving a global, premium and luxury OEM and Tier-1 customer base,”
said Jeff Perkins, managing director at Harris Williams. “We are
pleased to have worked with the family-owned teamtechnik group and
the management team on this transaction. We wish all parties a
great deal of success over the next several years.”
“During the last 15 years we developed ttPT into a leading
provider of automated solutions in Central and Eastern Europe. We
continue to believe in the capabilities and market position of ttPT
and will remain a minority shareholder in the company,” said Stefan
Roßkopf, owner and CEO of ttMA. “We would like to thank Harris
Williams for their work. They did a fantastic job throughout the
transaction.”
ttPT is one of the leading providers of automotive assembly
systems for next generation automotive products in Central and
Eastern Europe, offering a one-stop solution from design to after
sales services. Almost 90% of the company’s activities are centered
on assembly systems for the production of e-mobility and autonomous
driving components that are used in next generation vehicles.
ttMA is one of the international market leaders for production
technology, assembly and functional test systems. The company,
based in Freiberg am Neckar, Germany, focuses on developing and
building custom automation solutions for the automotive, energy and
medical technology sectors, in which it is recognized as a
technology leader with a high level of process expertise. One of
its proven areas of expertise is creating assembly and test lines
for electric drive units and e-mobility components. Founded in
1976, ttMA now has production sites in Germany, Poland, China and
the United States. With over 1,000 employees worldwide, the systems
manufacturer has a turnover exceeding €180 million.
TDJ is a family-owned investment company that has completed over
30 acquisitions and focuses on actively developing its portfolio
companies in Central and Eastern Europe. TDJ's key investment areas
include: equity; real estate; finance; and venture capital.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Industrials Group has experience across a
variety of sectors, including advanced manufacturing; smart cities;
building products; chemicals and specialty materials; environmental
industrial technology; and packaging. For more information on the
firm’s Industrials Group and other recent transactions, visit the
Industrials Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 648-0072.
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version on businesswire.com: https://www.businesswire.com/news/home/20200114005728/en/
Katie Langemeier, associate brand manager, +1 (804) 648-0072
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