IK Partners Acquires DRIESCHER
November 22, 2024
IK Partners' IK X Fund has signed an agreement to acquire DRIESCHER GmbH from the founding family shareholders, with the family reinvesting and co-founders of Czech subsidiary DRIBO selling and reinvesting into the Group. DRIESCHER, a German manufacturer of medium- and low-voltage switches and switchgear with ~500 employees across Germany and the Czech Republic, will partner with IK to pursue product innovation, expand aftersales services, grow in Germany and internationally, and consider bolt-on acquisitions.
- Buyers
- IK Partners (IK X Fund)
- Targets
- DRIESCHER GmbH
- Sellers
- Family shareholders of DRIESCHER, Co-founders and co-shareholders of DRIBO, spol. s r.o.
- Industry
- Manufacturing
- Location
- Bavaria, Germany
- Transaction Type
- Buyout
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