CCN Group Acquired by Halder
Sellers include industrial private equity fund Helarb Fund who had taken over a majority stake in CCN in 2004 and the co-founder who reaches retirement age. Management has increased its shareholding to 6%.
Founded in 1986, CCN Group specializes in high precision components and castings – e. g. wheels and wheel-shafts – for turbochargers.
Clients include major market players Honeywell, Borg Warner and IHI.
The company has built over the past years an international production network including facilities in France, Slovakia and Mexico. It is planning further expansion in Asia. The international workforce represents more than 50% of CCN’s total staff of 604. Sales are about €100m.
Halder is part of Gimv, a listed group that focuses on buyouts, growth capital, venture capital and infrastructure investments.