Andra Tech Group (backed by Castik Capital) Acquires Innotec Zerspanungstechnik GmbH

November 11, 2024

Andra Tech Group has acquired 100% of Innotec Zerspanungstechnik GmbH, a precision-machining manufacturer based in Sinsheim, Germany; financial terms were not disclosed and managing directors Jörg and Björn Leichenich will remain in place. Innotec’s ~75 employees serve medical, optics, high-tech systems and semiconductor customers; the acquisition expands Andra Tech Group’s German footprint and capabilities and is supported by funds managed by Castik Capital, which acquired a majority stake in Andra Tech Group in September 2024.

Buyers
Andra Tech Group, Castik Capital
Targets
Innotec Zerspanungstechnik GmbH
Platforms
Andra Tech Group
Industry
Manufacturing
Location
Baden-Württemberg, Germany
Transaction Type
Addon

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