Afinum Achte Beteiligungsgesellschaft mbH & Co. KG, advised by Afinum Management GmbH, indirectly acquires a majority stake in Swiss Interconnect Holding SA („LEMCO PRECISION“). Together with the entrepreneur and long-standing CEO André Rezzonico, who will remain minority shareholder, Afinum undertakes to continue the growth trajectory of the recent years by growing the business in international core markets as well as increasing the product range to smaller diameter contacts.
LEMCO PRECISION (www.lemco-precision.ch) manufactures contacts for data and power transmission that are small in diameter, complex in shape, and suitable to harsh environments. As the Company provides the highest quality and zero-defect guarantees, its contacts are used in highly critical electronic equipment across civil aviation, transport (non-auto), space & defense, telecom as well as industrial and other applications. Over the past two decades, the company has built strong ties to the big connector makers in North America and Europe. Furthermore, over the past few years, the company has made acquisitions and built capabilities to fully control the entire value chain in-house, from the development of the blueprint of a contact to the surface treatment and various additional value-added services. The Company holds a strong position in the market, which is expected to continue growing at a fast pace due to prevailing trends, including an increasing fleet of applications, a growing density of electronic equipment per application, as well as a surging flow of data and power across electronic equipment.
LEMCO PRECISION was founded in 1965 and acquired in 1995 by a group of investors around the shareholder and CEO André Rezzonico. The Group is headquartered in Monthey, Western Switzerland, employs c. 235 FTEs and generated revenues of approximately 56 MCHF in 2019. By addressing the aforementioned attractive segment of the market and by building up a highly automated manufacturing setup, the Company went through a period of substantial and profitable growth. Afinum and Mr. Rezzonico are committed to accomplishing the next wave of growth by building on the existing long-term customer relationships, strengthening its international business, expanding the product range to smaller diameter contacts and increasing capacity and efficiency of the manufacturing setup in Switzerland and around the world.
The investment in LEMCO PRECISION represents the eighth platform investment of Afinum Achte Beteiligungsgesellschaft mbH & Co. KG.