Ardian, an independent private investment company, acquired a majority stake in imes-icore GmbH, a Eiterfeld, Germany-based specialist manufacturer of computer numerical control (CNC) and computer aided design/manufacturing (CAD/CAM) systems focusing on the medical industry.
The transaction remains subject to approval from the competition authorities, and financial details have not been disclosed.
Ardian will acquire the stake from current majority shareholder, Hugo Isert, as part of a succession planning program. Current CEO, Christoph Stark, will retain a significant minority stake, and will continue to manage the business. In the course of this transaction, members of the management team will also become shareholders in the company.
Founded in 2002 by Isert and Christoph Stark, imes-icore develops, produces and sells specialist CNC-CAD/CAM systems for milling, water jet and laser cutting, and 3D printing. Its main competency lies in machine systems for the automated production of dentures such as dental caps and bridges, implant superstructures or prostheses. The company’s products are used in dental laboratories, clinics and dental milling centres. It also offers specialized industrial production solutions for numerous industries such as e.g. jewellery, orthopaedic and automotive sectors as well as for model/mould construction.
Sales to customers in more than 100 countries are handled primarily through distribution partners.
The company has close to 150 employees and in 2016 generated sales of approximately €30m.
With the support of Ardian, imes-icore plans to increase its range of services and key account management as well as expanding internationally, both organically and through targeted acquisitions.