Cedarlake Private Equity Fund I has executed a definitive agreement to sell the stake in montratec GmbH to US-strategic Columbus McKinnon
In 2017, Cedarlake Private Equity Fund I invested in montratec GmbH (“montratec”), a leading automation solutions company that designs, develops and distributes intelligent automation and transport systems for interlinking industrial production and logistics processes, based in Niedereschach in Baden-Württemberg.
Under the brand name montrac® the company offers modular component based monorail systems that automate production, assembly and intralogistics processes between robots and workspaces. The modularity of the system enables tailor-made but flexible solutions catering to individual customer requirements for a wide range of industries including clean room production. The second-to-none energy-efficiency makes montrac® the solution of choice in times where CO2 footprint reduction is becoming more critical than ever.
After the carve-out from Freudenstadt-based SCHMID Group, montratec established a stand-alone organization and has since embarked on a continuous growth trajectory. By strengthening technical sales expertise and actively driving innovation based on customer requirements, montratec has successively tapped into more and more verticals and today serves well-renowned customers – many of them in fast growing industries – all around the globe.
Given its deep entrenchment in industries where automation is a key success factor, its entrepreneurial culture and its global sales force, Columbus McKinnon is the ideal partner for montratec to further strengthen its growth path and particularly the company’s position in the US market.
Columbus McKinnon is a publicly-traded (Nasdaq: CMCO), leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning and securing materials.
Cedarlake Private Equity Fund I is jointly advised by Cedarlake Capital (based in Shanghai) and Rantum Capital (based in Frankfurt). The transaction is the second successful exit of Cedarlake Private Equity Fund I since its inception.
