Deal-Ticker: Growth of precision mechanics group with focus on medical technology under the umbrella of Granita Holding AG

 

Granita Holding AG, majority-owned by Swiss entrepreneurial families under the leadership of Kontivia AG, a Zurich based long term oriented investment firm, successfully completed a capital increase and acquired all shares in Wymed AG. Wymed AG, based in Freienstein-Teufen, Switzerland, now together with the German HIPP Technology Group under the umbrella of Granita Holding AG, will create a leading precision mechanics group in the DACH region. The new group achieved sales of approximately EUR 50 million in 2019 and employs around 230 people.

The founder of HIPP Technology Group, Markus Hipp, remains the largest single shareholder and CEO of the enlarged group. The sellers and the management of Wymed will also participate in the new group of companies. In addition, Christoph Meier, former major stakeholder of Wymed AG, will take a seat on the Board of Directors of Granita Holding AG.

Kellerhals Carrard acted as legal advisor to Granita Holding AG on this transaction. The team was led by partner Nicolas Mosimann (Corporate/M&A) and comprised associates Sophie Holdt, Sarah Schneider (both Corporate/M&A), Samuel Rickli (Notary), Melanie Huber and Larissa Simeon (both Employment).