Renaissance becomes majority shareholder of Asic Robotics
Renaissance has repositioned itself as the majority shareholder in the Asic Robotics Group. The move marks another milestone in the long-term partnership that began back in 2013. The management is also acquiring a stake in the company and is thus relying on a stable, Swiss shareholder base.
The Swiss investment foundation Renaissance has announced that it is now the majority shareholder of the Asic Robotics Group. This step marks a further milestone in a long-term partnership, according to the statement. This partnership began in 2013 when Renaissance acquired a stake in Asic Robotics. The management of Asic Robotics shares Renaissance's vision and has also acquired a stake in the company.
Asic Robotics, based in Burgdorf (BE), unites several companies in the field of modern mechanical and plant engineering. The focus is particularly on automation solutions as well as test and assembly lines for industrial applications.
Stability and long-term investment philosophy
The new ownership structure strengthens a stable, Swiss shareholder base that is closely aligned with the management. It is also in line with Renaissance's evergreen model and its long-term investment philosophy. At the same time, the coordination between shareholders, the Board of Directors and management will be further strengthened.
«Renaissance is looking forward to accompanying Asic Robotics in the long term and supporting sustainable growth based on stability, corporate responsibility and strong roots in Switzerland, while preserving the company's industrial DNA and strategic independence,» said Martin Herceg, Investment Director at Renaissance.
New management structure
In this context, Milo Gasser, former CEO of Asic Robotics with over 20 years of experience within the Group, has been appointed Chairman of the Board of Directors. Micha Kühne, CEO of Asic Robotics, adds: «Thanks to the new shareholder structure, Asic Robotics is ideally positioned to continue its growth strategy in the long term and to further expand and strengthen its role as a reliable Swiss industrial partner.» For employees, customers and partners, everything will remain the same operationally: activities at the Burgdorf and Radolfzell sites will continue unchanged.
This development reflects Renaissance's DNA: to accompany Swiss industrial SMEs over the long term, while preserving their identity and independence and with a clear vision of sustainable value creation, together with a management team that is fully committed to the company.
Source: Renaissance
