Ixetic, with its headquarters in Bad Homburg (Germany), is the European leader in the production of high-performance hydraulic pumps for the automotive industry. Ixetic mainly focuses on the premium segment of the automotive market, with customers including Daimler, BMW, Audi/Volkswagen, Land Rover and Toyota as well as the LUK/Schaeffler group.

The Group’s product line includes pumps for the assisted steering of commercial and personal vehicles, brake pumps, frame pumps for active suspension systems, hydraulic pumps for variable transmissions or other types of innovative transmission.

During the investment period, Ixetic has been successful in building up a strong market position worldwide, overcoming an adverse economic environment through:

  • Enlarging its blue-chip customer base;
  • Implementing of a sustainable strategy allowing Ixetic to navigate successfully through the 2008-2010 downturn, with stable double digit margins;
  • Strengthening the R&D department allowing Ixetic to be well positioned to lead automotive trends;
  • Setting up of a new low-cost production facility in Bulgaria;
  • Opening an assembly line facility in China with outstanding growth potential;
  • Focusing on high level employee’s satisfaction and strong employer recognition in the industry.

Status

Divested

Date of investment

2006 – 2012

BACK TO PORTFOLIO
286

Entry Sales (2006)

325

Exit Sales (2012)

n.a.

MoM multiple

n.a.

IRR