10. January 2017

ARQIS is advising the Munich-based investment company INDUC GmbH regarding the participation of an additional investor in GRUNDIG Business Systems GmbH (GBS). VR Equitypartner, one of the leading equity capital financiers in the German-speaking regions, is securing a minority interest in the Bayreuth-based company from the previous principal shareholder INDUC and from the co-investors. The parties have agreed to maintain secrecy regarding the details of the contract. The transaction is subject to approvals from the public authorities.

Dr. Frank Töfflinger, Managing Director of the previous principal shareholder INDUC, has decided – together with his co-investors – to accelerate the adopted growth strategy of involving a financially strong partner, for supporting GBS not only with equity capital but also with know-how for implementing the planned measures. The previous investors remain predominantly involved with their investments, Roland Hollstein and his experienced management team is even going to expand its own participation in GBS – now together with an expanded group of investors.

GBS is a medium-sized production and service company and is particularly known for its dictation solutions. After being hived off from the then Grundig AG in 2001, the office equipment business unit GBS continued to operate independently and in 2003 was purchased by the Munich-based holding company INDUC – which is focused on special situations – together with Mirablau GmbH and other investors. Since then the transformation of dictation technology from analogue devices to digital complete solutions was pushed forward and the high quality electronics manufacturing services (EMS) sector has been developed as a second mainstay.

Advisors to INDUC

ARQIS Rechtsanwälte (Duesseldorf/Munich) Andreas Dietl (Munich) Dr. Lars Laeger (Düsseldorf; both Lead; both M&A), Marcus Nothhelfer (IP/IT; Munich); Associate: Thomas Chwalek (M&A; Düsseldorf)