BWK and PL Investments take an equity stake in SDV-Group
BWK GmbH Unternehmensbeteiligungsgesellscha, Stuttgart (BWK), and PL Investments ISA, Luxembourg (PLI), supported by Kieger AG, Zurich as Investment Advisor, have acquired part of the SDV-Group, together with its management team from Christoph Deutsch. BWK and PLI now hold 40 % each of the SDV-Group.
The SDV-Group, formed in 1990 in Dresden, manufactures high-quality, individualised printing products. The transaction comprises SDV Winter GmbH and SDV Direct World GmbH. The two companies employ 230 people in Dresden and Weidenberg and reported sales of approx. EUR 40 million for 2015. The SDV-Group is one of the market leaders in its segment and serves a broad and reputable customer base.
SDV-CEO Franz Schiederer will remain CEO. He commented: ‘Gaining stable shareholders such as BWK and PLI is a very good solution for us. In addition, our new investors support our continuing growth. We have very ambitious goals which we want to achieve together with our shareholders and our employees.’
BWK Manager Director Marc Schrade continues: ‘The successful business model and the track record of the management team are very impressive. We want to make our contribution so the companies continue their growth path. The strong market position and the innovative solutions for their customers of the SDV Group gives us the confidence that this will be achieved.’
Dr. Oliver Krauß and Hartmut Wollstad from Tricon Law represented SDV Group.