MIT Munich Industrial Technologies AG supports further expansion of Belte AG
Munich, March 03, 2010 – The Partner of the private equity corporation MIT Munich Industrial Technologies AG (www.mit.ag), the Gulf One Investment Bank B.S.C., Bahrain, acquired 7.9 percent shares of the aluminum refiner Belte AG based in Delbrück. This is the second investment in the past six months. Belte will use the fresh capital for a further expansion of the company which has grown considerably in the past few years. “We will continue to grow in 2010. In 2009, we didn’t reach the extremely good results from 2008 due to the worldwide financial crisis but we were ahead of our turnover from 2007,” says founder and chairman of the board Markus Belte.
(firmenpresse) - Belte AG is one of the leading companies in aluminium refinement in Germany. “The automotive industry urgently needs more lightweight but at the same time solid components. We have developed a process which allows us to produce highly solid and extremely lightweight aluminium components for various industries”, explains Belte. The strongly growing market requires a speedy expansion of the existing capacities – nationally and internationally, continues Belte. In order to keep up with these requirements Belte started to look for a financially strong capital investor. “Since 2009 we have a solid partner with the MIT team. They are able to realize our potential and understand our business processes. Especially in view of our complex industrial methods it was important to us to find an investor with good knowledge of our industry.”
Further expansion at Belte AG is already scheduled in 2010. Besides the expansion of the major projects, the aluminum recycling will be a growing new field of business. This cash injection is used to finance the current growth projects. Further rounds are planned to support sustainable growth.
MIT also sees a great deal of potential in Belte: “The company has developed a range of innovative methods – not only in aluminum recycling –which will allow Belte AG to claim a leading positioning in a growing market. Among others, Belte AG benefits from two mega trends: automotive lightweight construction as well as the trend to take the energy balance of cars from manufacturing to running and scrapping into account. With heat treatment as well as the recycling of aluminum, Belte AG has the relevant technologies at its disposal. Together with our partner Gulf One Investment Bank we now provide the necessary liquidity as planned”, says Rüdiger Olschowy, board member of MIT Munich Industrial Technologies AG.
Unternehmensinformation / Kurzprofil:
About Belte AG:
Markus Belte founded Belte AG in Delbrück in 1998. The company is specialized in the heat treatment of aluminium with the goal to use this refinement in order to manufacture components of equal material quality but significantly lighter and therefore energy-saving. Belte produces above all aluminium parts in the field of tyre technology (e.g. rims), engine components (e.g. cylinder heads, crankcases) and structural elements (e.g. frames, engine and cylinder blocks). Furthermore, the company developes, among others, specialized components for the aerospace industry, the medical engineering industry as well as shipbuilding and transport technology. The portfolio also includes a recently patent-registered method for aluminium recycling. Belte AG has six subsidiaries and employs 255 people (as of December 2009) at six sites. Sales representation offices are located in Germany and the USA. All renowned automobile manufacturers in Germany are regular customers of Belte.
About MIT Munich Industrial Technologies AG:
The MIT Munich Industrial Technologies AG (MIT), founded in March 2008, is a private equity corporation based in Munich, Germany. The corporation invests primarily in medium-sized technology companies or in companies from the manufacturing industry. Preferably, these companies operate in the fields of the automobile supply industry, industrial electronics, or high-performance working materials. Inquiring companies should have a total revenue of 10 to 60 million Euro and should be based in Germany, Austria or Switzerland. The value of MIT´s investment is no less than 10 million Euro. The board members and founders of MIT Munich Industrial Technologies AG are Rüdiger C. Olschowy and Ralf G. Schöpker. The supervisory board is composed of Christian von Sydow (chairman), Partner of McDermott Will & Emery (Munich), Günter Lorenz, member of the executive board of BMW AG and the entrepreneur Jakob-Hinrich Leverkus. The MIT Munich Industrial Technologies AG owns shares of Royal Aero Group GmbH (www.royalaero.com), a provider of high-quality replacement parts for the aviation industry, of NCTE GmbH (www.ncte.de), a producer of non-contact sensing solutions allowing measurement of mechanical forces and absolute position and of TB&C Outsert Center GmbH (www.outsert.com), a producer of complex components in the field of high-precision metal-plastic composites and since October 2009 of Belte AG (www.belte-group.com).
MIT Munich Industrial Technologies AG
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Datum: 04.03.2010 - 11:50 Uhr
Sprache: Deutsch
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