Munich/ Celle — Funds advised by PINOVA Capital GmbH (“PINOVA”) have acquired the majority shares in ECOROLL AG Werkzeugtechnik (“ECOROLL”), based in Celle, Lower Saxony, in January 2021.
ECOROLL is a leading supplier of tools and machines for mechanical surface finishing of metallic workpieces. The product portfolio comprises mainly individually designed tools and machines for burnishing, deep rolling and cylinder tube processing. In close cooperation with customers from various industries, solutions are thus created that guarantee high-quality component surfaces, an increase in component service life and a more efficient production process.
“PINOVA has entrepreneurial roots and the technical expertise to sustainably drive the growth of medium-sized innovation leaders,” says Dr. Karsten Röttger, a long-time board member and shareholder, who is significantly expanding his existing minority stake in ECOROLL as part of the transaction.
“Dr. Röttger has positioned ECOROLL as a market leader in the mechanical surface treatment segment and has thus embarked on a sustainable growth path. Together with Dr. Röttger, we want to continue to drive growth in partnership and in doing so further develop ECOROLL into an internationally active full-service provider for mechanical surface finishing . We expect tailwind from the increasing market demand for lightweight, durable and thus sustainable metal components,” explains Herbert Seggewiß, partner at PINOVA Capital. Herbert Seggewiß will also represent PINOVA on the Supervisory Board of ECOROLL in the future.
About ECOROLL AG Werkzeugtechnik
ECOROLL currently employs 85 people and produces exclusively at its headquarters in Celle, Lower Saxony. In addition, the company has a sales office in Cincinnati, USA. Since 1996, ECOROLL has been distributing tools and machines for burnishing (roller burnishing), deep rolling and cylinder tube machining. Today, ECOROLL serves a global portfolio of customers and was awarded the Bosch Global Supplier Award in the “Innovation” category in 2019. www.ecoroll.de
About PINOVA Capital
PINOVA Capital is an independent investment company for equity financing of fast-growing, innovative medium-sized companies in the German-speaking region with revenues between € 10 million and € 75 million and equity requirements between € 5 million and € 50 million. www.pinovacapital.com