- Kinetics is a globally leading provider of installation
services and equipment
- Company serves high-tech industries such as semiconductor,
biopharma, and batteries
- 2,500 employees at more than 20 locations
worldwide
- Exyte to enter technical facility management
business
- Exyte CEO Büchele: "Kinetics is a perfect complement to
Exyte to benefit from ongoing investments in high-tech
facilities."
STUTTGART, Germany and PLEASANTON, Calif., April 16,
2024 /PRNewswire/ -- Exyte, a global leader in the
design, engineering, and delivery of high-tech facilities, plans
the acquisition of Kinetics Group ("Kinetics"). Kinetics is a
globally leading provider of installation services, equipment, as
well as technical facility management. Exyte and investment firm
Quadriga Capital have signed the respective contracts. The purchase
price has been agreed to remain confidential. The transaction is
subject to the necessary regulatory approvals.
Kinetics specializes in meeting the needs of the biopharma and
semiconductor industries. The company's clients include globally
operating technology and market leaders. Kinetics offers a global
presence with more than 20 locations worldwide. Its engineering,
production, and service capacities are spread across Asia, Europe,
and North America. In 2023, around
2,500 employees generated revenue of above 500 million euro. In the coming years, Kinetics
intends to continue its strong profitable growth in all of its
business segments.
By combining Kinetics' robust portfolio and expertise with its
own, Exyte further solidifies its position as a leading provider of
complex solutions for the biopharma, semiconductor, and high-tech
sectors. This strategic move not only broadens Exyte's service
offerings but also reinforces its commitment to facilitating the
sustainable growth of high-tech industries around the world.
Addition of technical facility management to Exyte's
portfolio
With the acquisition of Kinetics, Exyte also ventures into the
field of technical facility management. Among the services offered
in this business segment are site planning, sourcing, installation,
and operation of state-of-the-art process facilities, as well as
management of storage and delivery of specialty utilities.
Technical Facility management services enable Exyte to extend its
business activities beyond the engineering, planning, and
construction phases, ensuring the continuity of its client
relationships by offering services during operations.
"Whether it's semiconductors, battery cells or biopharma –
clients in our target sectors continue to invest in expanding their
capacities. Kinetics is a perfect complement to Exyte to benefit
from these ongoing investments in high-tech facilities. Together,
we will seize the emerging opportunities and continue to offer our
customers innovative and reliable solutions," says
Dr. Wolfgang Büchele, CEO of Exyte. "Kinetics' impressive
track record and their commitment to excellence in engineering,
production, and service across the globe aligns with our vision to
be the leading global partner for the high-tech industries we
serve," Büchele continues.
"We are very excited about becoming part of Exyte," Peter Maris, CEO of Kinetics, commented.
"Kinetics and Exyte share the same high standards in terms of
technical expertise and project execution. Together, we will be
able to even more comprehensively serve the demands of our
customers all over the world. Exyte and Kinetics are both
well-recognized players in their respective markets, and we are
convinced that the combination of the two will allow us to further
accelerate our growth."
Jörg Mugrauer, Managing Partner at Quadriga Capital
Eigenkapitalberatung GmbH, advising Quadriga Capital, stated: "Due
to the hard work of the highly experienced and dedicated Kinetics
team worldwide, the revenues of Kinetics have increased fivefold,
and the employee base has been quadrupled within our investment
period, transforming Kinetics into a global system provider for
high purity solutions. Exyte is the perfect partner and new
shareholder for Kinetics to continue its growth path in the
upcoming years."
Strategic move for Exyte's Business Area Technology &
Services
Under the terms of the acquisition, Kinetics will operate within
Exyte's Business Area Technology & Services (T&S),
leveraging the combined strengths to foster innovation and growth.
T&S consists of entities that provide cleanroom technology,
installation services, and equipment for subsystems to their
clients as well as off-site manufacturing (OSM). Since its
inception in 2020, the Business Area Technology & Services has
experienced strong growth. In 2023, sales increased by 25 percent
to more than 960 million euro. With
the acquisition of Kinetics, T&S is targeting further
accelerated profitable growth.
About Exyte
Exyte is a global leader in the design, engineering, and
delivery of ultra-clean and sustainable facilities for high-tech
industries. With cutting-edge expertise developed over more than a
century, the company serves clients in the sophisticated markets of
semiconductors, battery cells, pharmaceuticals, biotechnology, and
data centers. Exyte offers a full range of services from consulting
to managing the implementation of built complete solutions with the
highest standards in safety and quality to its customers worldwide.
Exyte creates a better future by enabling key industries to enhance
the quality of modern life. In 2023, the company generated sales of
€7.1 billion with around 9.900 employees worldwide.
www.exyte.net
More information about Kinetics can be found on
www.kinetics.net.
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Media contact:
Samy
Abdel Aal
Public Relations Manager
+49 172 840 33 01
samy.abdelaal@exyte.net
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SOURCE Exyte