CEO Martin Kutschka said: “The management is satisfied that such a strong financial partner as EQT has been found as the new majority owner of Pfaff-silberblau.” He added: “We are happy that EQT, with its industrial approach and wide network, supports our current business strategy. The EQT investment, will help us to capture the full potential of the company.”
Christoph Pfaff, representative for the Pfaff family, added: “EQT is a truly extraordinary shareholder for Pfaff-silberblau, as the fund combines features of the highly successful business of the Swedish Wallenberg family with the financial strength and know-how of an experienced private equity investor.”
EQT partner Ernst Ludes said: “We are convinced that Pfaff-silberblau is acting in a very interesting and growing industry. The development potential of the operations and the committed employees were major reasons for our investment decision.”
Meanwhile, Sven Stork, who is a proven chairman and former CEO within the EQT network, has accepted the chairmanship of the future Pfaff -silberblau board.
