Assmann Group announces that Luxempart, a Luxembourg-based listed investment company, has acquired 50% of the Group’s share capital and will co-control Assmann Group alongside CEO Stephan Assmann.

This partnership will allow Assmann Group to continue its growth story with a new strategic plan. Focus will revolve around further strengthening the product offering and geographical footprint of Assmann Group, supported by an active M&A strategy.

Luxempart has been assisted by goetzpartners for the Commercial Due Diligence, Ernst & Young for the Financial & Tax Due Diligence and P+P Pöllath + Partners for the Legal Due Diligence as well as SPA negotiation.

Stephan Assmann, CEO of ASSMANN Holding GmbH, says:

As a 2nd generation family business, the Assmann Group proudly celebrates its 50th anniversary this year. With Luxempart as our new shareholder, we set the course for a successful future. Their long-term investment horizon matches our ambition to build a sustainable profitable business perfectly. Jointly, we will continue our international growth strategy in Europe and beyond.

John Penning, Head of Direct Investments of Luxempart, says:

“We are pleased to partner up with Stephan Assmann who has built Assmann Group into one of the leading suppliers in the data network technology market. We are impressed by Assmann’s best-in-class business model built on strong digital capabilities and an entrepreneurial corporate culture. Luxempart looks forward to a close collaboration with management and will actively support them in their growth efforts and ambition to expand internationally”