Indutrade takes over Stein Automation

Swedish investor

Martin Schrüfer, 17.02.2020, 08:00

Indutrade takes over Stein Automation

With the entry of Swedish investor Indutrade, Stein Automation, based in Villingen-Schwenningen, completed the succession plan on January 1. The specialist for workpiece carrier transport systems with 45 employees recently achieved an annual turnover of around ten million euros and has grown continuously by 30 percent in recent years.

"The participation in the Indutrade Group with its total of around 200 companies offers great potential to increase the level of awareness of Stein Automation via this network. The global orientation is thus intensively supported", says Stein Managing Director Jürgen Noailles The business and contractual conditions remain unchanged. "We will continue to live our claim 'Where quality is at home' with passion and implement our global strategy 'Local to Local' even more intensively. In Indutrade, we have found an owner who will support us in our strategic direction in a financially strong and sustainable manner," continues Jürgen Noailles.

Structural and personnel changes in the company are not planned. Stein's workpiece carrier transport systems are suitable for Industry 4.0 and can be configured to optimize customers' production processes. These customers come from the automotive, consumer goods and medical industries, among others.

Indutrade is an industrial group that is active in 27 countries on four continents. Around 6,500 employees recently generated an annual turnover of 1.43 billion euros. The company focuses on the sale of industrial technology and the production of various goods. Indutrade is known for keeping out of the operational business of individual companies. With Stein, the investor has acquired a company from the automation and assembly sectors for the first time. The takeover still has to be approved by the Federal Cartel Office.

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