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Flabeg

Status
Realised
Country
Germany
Strategy
Mid Cap
Entry
May-08
Exit
Apr-13
Fund
IK 2007
Website

Global market and technological leader in glass processing

Headquartered in Nuremberg, Germany, Flabeg (“the Company”) was leading manufacturer and supplier of solar parabolic mirror and automative glass for the renewable energy and automotive mirror system industry at the time of exiting.

Flabeg operated its mirror glass production in two business units – the Solar and Automotive segment. In the Solar segment Flabeg produced parabolic mirrors which are used in CSP plants (Concentrating Solar Power), namely for parabolic troughs. This segment of the renewable energy market has recently seen significant growth driven by the increasing global demand and governmental support for renewable energy sources aiming at decreasing pollution and reducing dependency on fossil resources. As a Tier 2 manufacturer, the Company’s Automotive segment manufactured mainly exterior and to a minor extent interior mirror glass for passenger cars and commercial vehicles.

Flabeg was acquired by the IK 2004 Fund in May 2008, and later sold its stake in April 2013.

Our Value creation Strategy

During our ownership, we worked alongside the management team to:

  • Focus on operational excellence and international expansion;
  • Make selective add-on acquisitions; and
  • Increase the production capabilities and capacity.