- montratec provides intelligent intra-logistics solutions connecting robots and workspaces
- montratec’s smart factory solutions “Made in Germany” will go global with new capital
- montratec is a spin-off from Freudenstadt-based family owned technology group SCHMID
Frankfurt. Cedarlake Private Equity Fund I, advised by Rantum Capital, acquired the “Intra-logistics” division of Freudenstadt-based family owned technology Group SCHMID in a carve-out transaction. The newly established high-tech company named “montratec GmbH” is majority owned by “Cedarlake Private Equity Fund I”. The former owner SCHMID Group will focus on its core business areas electronics, photovoltaics and energy systems, but will hold a minority stake in the company as well as the management team in the future. The parties agreed not to disclose any details on the terms of the transaction.
montratec GmbH offers highly-innovative solutions for connecting work spaces and robots as much as delivering an essential part for the automation of production lines. Key product of the company is the highly flexible montrac mono-rail system with autonomous-driving shuttles. The system has originally been developed to facilitate the automation of the production of a leading global Swiss luxury watch manufacturer. Main growth drivers of the business will be internationalizing the business, further product innovations, i.e. speed of the shuttles, and expanding the capacity. Rantum’s Chinese joint venture partner, Cedarlake Capital, will focus with its networks on further growth within the fast-growing Asian markets, particularly China.
Sven Worm, chairman of the board of montratec, commented: “We interlink robots with workspaces and support the efficient implementation of smart factories (“Industry 4.0”). Furthermore, montratec enhances the trend towards digitalization of production processes, using a variety of unique product characteristics for across industry solutions – even for clean room productions. Our product montrac is a solution “Made in Germany” in order to optimize production processes globally. We are very pleased to have found reliable partners with Rantum and Cedarlake, leveraging their global networks to grow our business and providing valuable advice in addition to capital. The entire workforce is looking forward to write a new and prosperous chapter in the company’s history.”
Martin Claussen, managing director sales, adds: “Our new financially sound shareholder enables us to strengthen our focus on our key product and to expand its reach into a wide range of additional industries and markets. The introduction of new product innovations planned for the end of 2017, such as the world innovation of a shuttle with a load capacity of 200 kilograms, will enable montratec to penetrate new areas of applications.”