ICFG Germany accompanied the sale of QUINtec Automation GmbH
| Seller | QUINtec Automation GmbH |
| Target | QUINtec Automation GmbH |
| Deal Type | Mergers & Acquisitions |
| Buyer | Zech Group |
| Territory | Germany |
| Transaction Description | wtec services GmbH, a member firm of the ZECH Group, acquires the operations of QUINtec Automation GmbH effective 1 October 2021 and will continue the business under the umbrella of the newly founded QUINtec Smart Technology GmbH, based in Pleidelsheim. QUINtec, which was founded in 1996, operates in the field of consulting and engineering of buildings and plant technology. Improving energy efficiency using intelligent controls and infrastructure offers added value for its customers. Manufacture and assembly of electrical enclosures and systems round off the portfolio of this full-service provider. The ZECH Group and its affiliated companies are also specialized in the construction sector, among others. The large overlap in the portfolios of both parties promises a prosperous future for the activities of QUINtec Automation GmbH. The ZECH Group plans to continue the QUINtec operation without restriction and position it on the market as a independent entity, keeping its location in Pleidelsheim and its workforce intact. |
| Industry Sector | Business & Professional services |
| ICFG Office | The Hague |
ZECH Group integrates the operations of QUINtec Automation GmbH from Pleidelsheim in its group of companies. The entire acquisition process was accompanied by Wintergerst Societät für Unternehmer-Beratung within the framework of a competitive bidding process.
