Endurance Capital AG

  • Land: Deutschland

Nachricht vom 06.11.2017 | 10:00

Endurance Capital AG sells Elsold GmbH & Co. KG to Japanese strategic investor

DGAP-News: Endurance Capital AG / Key word(s): Miscellaneous

06.11.2017 / 10:00
The issuer is solely responsible for the content of this announcement.

Endurance Capital AG sells Elsold GmbH & Co. KG to Japanese strategic investor

Munich, 6 November 2017 - Endurance Capital AG, a holding company specializing in in investments in mid-sized companies in special situations, sold all of its shares in Elsold GmbH & Co. KG, held through JL Goslar GmbH, to TAMURA DEUTSCHLAND GmbH, a German holding company of Tamura Corporation, on 31 October 2017. Tamura Corporation, a Japan-based strategic investor, is one of the leading Japanese manufacturers of electronic components and chemicals for industrial applications.

Elsold GmbH & Co. KG, a manufacturer of soldering products, particularly for the automotive and electronics industries, was acquired by Endurance Capital in 2012 as part of JL Goslar Group. It was relocated in 2013 to a new state-of-the-art facility in Ilsenburg, in the German State of Saxony-Anhalt, with the strategic goal of developing Elsold into a stand-alone company, independent of JL Goslar Group, and strengthening its long-term market position.

As a result, Elsold GmbH & Co. KG has posted outstanding performance in recent years and its market position has improved significantly, particularly in Europe. The company has reported strong double-digit revenue and earnings growth in recent years.

Endurance Capital AG believes that the integration of Elsold into Tamura Corporation presents substantial growth opportunities, particularly in the Asian market. For Tamura, a strategic investor, the acquisition of Elsold, a German company with a broad customer base and a strong reputation in Europe, will create a new platform for further expanding its European operations.

About Endurance Capital AG
Endurance Capital AG is a Munich-based holding company which specializes in mid-sized companies. The company operates primarily in Germany and Austria and has particular experience in the automotive supplier, metals and plastics processing and mechanical engineering sectors. Endurance has executed successful corporate restructuring transactions in recent years by means of management buy-ins and management buy-outs.

Endurance Capital AG
Bavariaring 18
80336 Munich


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06.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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