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Transnorm

Status
Realised
Country
Germany
Strategy
Mid Cap
Sector
Industrials
Entry
Dec-14
Exit
Nov-18
Fund
IK VII

Leading provider of automated technology used in distribution

Transnorm is a global market leader for high performance conveying modules and components that are used in diverse end markets such as the parcel, distribution/e-commerce and airports industries.

Founded in 1957, Transnorm manufactures high performance conveying components that are integral to many highly sophisticated automated systems. Historically best known for its belt curves, Transnorm’s various products are now used in many high-speed distribution systems, parcel centers and in airport baggage handling systems across the globe. The Transnorm Group covers one of the most attractive segments of the automated logistics value chain, benefiting from long-term global growth trends such as e-commerce.

Headquartered in Harsum, Germany, the Group has additional overseas manufacturing entities in Arlington (Texas, USA) as well as in Kluang (Malaysia).

Transnorm was acquired in December 2014 through the IK VII Fund from Equita. IK Partner’s majority stake was sold in November 2018 to Honeywell Inc.

Our Value Creation Strategy

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

  • Support international expansion with continued growth in the Asia-Pacific and North American regions;
  • Increase scope of product applications and sustain focus on innovation;
  • Develop the aftermarket business; and
  • Utilise a strategy of selective add-on acquisitions.
    • In August 2015, Transnorm acquired UK-based Sovex, adding new technological capabilities and extending its geographical footprint.