MDT technologies
Status
Current
Country
Germany
Strategy
Mid Cap
Sector
Entry
Mar-20
Fund
IK VIII
Website
News
MDT technologies: Reducing Emissions and Alig...IK Investment Partners acquires MDT
Leading manufacturer of building automation products based on the KNX standard
Having entered the KNX market in 2009, MDT technologies (“MDT” or "the Company") has become a leading manufacturer of smart building components, enabling the automation and control of a multitude of functions such as heating, ventilation and lighting in both residential and commercial buildings. MDT offers a full range of innovative KNX components distributed mainly through electrical wholesalers in Germany. The attractive end-customer proposition has helped MDT to continuously outgrow the market and become one of the leaders in the KNX-field.
The Company is headquartered in Engelskirchen, Germany, where it operates one manufacturing site.
The majority stake investment was acquired from MDT's founders in March 2020. The founder and Chief Executive Officer invested in MDT alongside IK Partners.
What Attracted Us to the Business
- Industry innovation leader
- High-quality product offering
- Excellent customer service
- Growing underlying building automation market
Our Value Creation Strategy
We are working alongside management to:
- Capture significant market growth with existing customers in Germany;
- Further expand routes-to-market in Germany;
- Expand the KNX product portfolio through continued innovation; and
- Internationalise into adjacent markets.
Quote from MDT technologies
“Since we entered the KNX market ten years ago, we have developed a high-quality, full-range product portfolio and have successfully established MDT as a preferred partner to our customers. We believe that IK is the ideal partner for supporting our organisation through the next phase of growth given their understanding of the wider building technology market and their experience in transforming local champions into international leaders. Together with IK, we aim to further capture the strong growth we see in the market while maintaining our focus on innovation and best-in-class products.”
Hans-Joachim Kremer, Former Chief Executive Officer
