Germany’s Excelsius Global Services has been sold to the Robur Group.
Excelsius, based in Lohr, provides a variety of services to the glass industry, including heat up and expansion control, controlled cool down, and cullet fill using blowing or vibrating feeding methods.
Robur Group is a company focused on high-end technical services that are crucial to the performance of an industry. Its goal is to buy excellent Industry service businesses to build a leading Mittelstand (SME)-company.
Some of the industries it is already focused on include wind turbines, water technology and pump maintenance.
The acquisition was confirmed two weeks ago, at the beginning of October.
Frank Schwarzenau, Excelsius Managing Director (pictured), said the acquisition would bring benefits to both companies.
He said: “I am very excited about the future because this acquisition brings shared synergies to both parties. The Robur group recognised the exceptional services that Excelsius provides and it will benefit from our operational management services.
“Excelsius will benefit from a larger backup team and more financial backing to expand into other areas.”
The staff structure at Excelsius will remain exactly the same. The financial terms were not disclosed.