Renzenbrink & Partner advises Gimv on investment in Klotter Elektrotechnik GmbH
5 July 2021
Renzenbrink & Partner advised Gimv (Sustainable Cities platform) on an investment in Klotter Elektrotechnik GmbH (“Klotter”).
Klotter is a leading provider of transformer station construction, industrial automation, distribution board construction and building technology and is one of the pioneers of digitalization in the industry. Klotter focuses on industrial customers, including hospitals and data centres, and currently employs around 60 people at its headquarters in Rheinau, Baden-Württemberg.
Gimv is a European investment company listed on Euronext Brussels and currently manages a portfolio of around EUR 2 billion in assets under management and over 50 portfolio companies. Driven by technological change and increasing electrification and digitalization, the German electrical engineering sector is expected to continue its consistently strong growth. Gimv and the founder of Klotter intend to further strengthen Klotter by increasing its staff and by further acquisitions.
A Renzenbrink & Partner team consisting of Dr Niels Maier and Dr Alexander Haunschild (both Corporate/PE) and Dr Bernd Egbers (Finance/PE) provided comprehensive legal advice to Gimv in connection with its investment in Klotter and the reinvestment by its founder.