MIB acquires Schwarz Abschirmtechnik GmbH & Co. KG
Wuppertal, August 12, 2020
Wuppertal-based MIB Industriebeteiligungen GmbH & Co. KG acquires a leading specialist provider of solutions in the field of radio frequency (RF) and magnetic field (MF) shielding. From now on, MIB accompanies and supports its second subsidiary in a “soft” succession planning and the challenges of the future markets (among others medical technology, research as well as shielding technology in the industrial and public sector).
Niche market with diverse opportunities
About one year after its foundation, the Wuppertal-based MIB Industriebeteiligungen GmbH & Co. KG has already acquired another niche supplier for the purpose of long-term succession and continuation, following its first acquisition in May. The acquisition of Schwarz Abschirmtechnik GmbH & Co. KG, based in Hennef, was made as part of a succession plan. The MIB managing directors regard this successful business deal – despite the current corona pandemic – as an important signal to medium-sized companies in general: “As MIB, we are available to companies as a reliable and long-term partner, even in challenging times,” explain Robert Spartmann and Christoph Borges.
“To face also new challenges together with our future-oriented subsidiaries and to seize the opportunities for considered growth, we are looking forward with great pleasure.” Together with the former owner, Mr. Hans-Hubert Schwarz, MIB accompanies the Schwarz company in its further development in the very special niche market of shielding technology. Hans-Hubert Schwarz emphasizes: “I have deliberately decided to sell to MIB, because here the long-term continuation of my life’s work is secured and the location as well as the business will be further expanded”.
About Schwarz Abschirmtechnik GmbH & Co. KG
Schwarz Abschirmtechnik is a medium-sized, owner-managed company, which was founded in 1967 as an electrical installation company by the current shareholder, Mr. Hans-Hubert Schwarz. In recent years, Mr. Schwarz has purposefully built up the company into a professionally positioned niche market leader in the field of shielding against high-frequency radiation and magnetic fields, for example in magnetic resonance tomographs (MRT), and is today highly regarded in the market as a reliable premium partner. The customer portfolio includes internationally operating blue chip customers, clinics and radiological centers as well as public institutions (universities, research centers, federal offices).
The company’s sales are in the mid single-digit million euro range. Further details under:
