Castik
Assembly Line
Equistone portfolio company Andra Tech Group and Castik Capital enter into partnership
Funds managed by Castik Capital S.à r.l. (“Castik”) have entered into an agreement to acquire a majority stake in Andra Tech Group from funds advised by Equistone Partners Europe (“Equistone”), Mountainview Capital Partners and management. Management will remain minority shareholders in the business and the Equistone Funds may reinvest as well. CEO Geert Ketelaars will continue to lead Andra Tech Group together with his executive management team, Adwin Kannekens, Eric Urff and Gerben Heideman.
Established in 1973, Andra Tech Group (formerly Kusters Beheer) has developed into a leading group of manufacturers of high-tech precision components and sub-modules. The Group consists of nine operating companies in the Netherlands and Germany with a total of eleven modern and well-invested production sites focusing on the production of high-quality precision mechanical parts and modules. The over seven hundred technical professionals employed by Andra Tech Group serve global customers in various industries, including semiconductor, packaging, food, mobility, medical and aerospace. Andra Tech Group produces parts for prototypes, small to medium-sized batches and large series.
Andra Tech Group plans to continue pursuing an ambitious growth strategy focused on establishing itself as a leading international manufacturer of high-tech precision components and sub-modules. The group plans to invest in its home market of the Netherlands while continuing to grow into new geographies as well as expanding its technological competencies in the field of high-precision manufacturing, both organically and through further strategic acquisitions.