Investors advised by Family Trust (“FTI”) have acquired Tiefenbach Control Systems GmbH (“TCS”), a leading developer and manufacturer of resilient electrohydraulic systems, sensor technology as well as control software for mechanical and plant engineering, as of March 28, 2022. From its site in Bochum, TCS supplies customers worldwide and has an export share of over 90%, with sales of around EUR 35 million expected in the current fiscal year.
TCS employs a total of approx. 70 people at its headquarters in Bochum and maintains further offices in Tianjin (China), Novosibirsk (Russia) and Morgantown (USA). The company covers the entire value chain from the design of customer-specific solutions in electrohydraulics, production, integration with its own sensor technology as well as its own control software to long-term life cycle management. TCS customers benefit from decades of expertise in hydraulics coupled with high competencies in control- and sensor technology.
As part of the transaction, FTI acquired 100% of the shares in Tiefenbach Control Systems GmbH from the Knapheide family. Family Trust intends to support the further growth of the company by developing additional geographic markets as well as products in adjacent business areas.
Kai-Uwe Knapheide as well as the managing directors Axel Fuisting and Christian Möcklinghoff comment: “We are very pleased about the successfully implemented company succession and know that we have found a long-term partner for TCS in FTI, who will also support us in investing in new product groups and markets. We are convinced that the Family Trust team will drive the further development of the company together with the management and the staff.”
Andreas Augustin added: “With the acquisition of TCS at the beginning of the year, Family Trust seamlessly continues the already very active previous year with now six transactions within the last twelve months. We are very pleased to be able to actively shape the future of TCS. In particular, we are convinced of the high quality of the company’s products, the constant innovative achievements as well as the experience and competence of the two managing directors Axel Fuisting and Christian Möcklinghoff. We would like to thank Mr. and Mrs. Knapheide for the trust they have placed in us in the context of the implemented succession solution. We look forward to working with the management in the coming years.”