Harald Quandt Industriebeteiligungen (HQIB) acquired a majority stake in ATX Hardware GmbH at the end of January 2020. ATX is known as an important manufacturer of test adapters for testing electronic assemblies and printed circuit boards. One of the founders, Hans Drexler, will remain with the company as a shareholder and sole managing director and will continue to manage the day-to-day operations. The commercial management will remain with authorized signatory Robert Schulz. The parties have agreed not to disclose further details of the transaction.
HQIB considers ATX to be very well positioned in a growth market and intends to continue the company's successful course together with the existing management team and highly qualified employees. According to the investment company, it will continue to invest in the business. Acquisitions as well as strategic investments and cooperations could also be considered. The strategic partnership with HQIB will enable ATX to invest more heavily in technological progress, product development and service.
ATX is currently planning the construction of a new headquarters in Pürgen, thereby retaining its location in Upper Bavaria. The move is planned for the next 18 months. The second location in Weil im Schönbuch (Baden-Württemberg) already offers sufficient space for growth.
www.hq-ib.com; www.atx-hardware.de
