IL Holding GmbH acquires FAD GmbH.

IL Holding GmbH was established for the purposes of an acquisition. The company, run by Ingolf Lenz, acquired all of the shares in FAD Fertigungs- und Automatisierungstechnik GmbH in December 2016. The transfer was part of an age-related succession plan. The sellers, Dr. Ingolf Mansch and Hartmut Dießler, will remain at FAD as managing directors.

FAD was established in 1997. It focuses on the design and production of specialised machinery and technologically demanding handling systems, and is well-established in the market. A large proportion of FAD’s customer base is made up of loyal business partners who have relied on the company’s quality, services and cutting edge technology for many years. Well over 50% of FAD’s customers are in the automotive sector and located outside of Germany.

IL Holding GmbH is an affiliate of Vakuum- und Präzisionsteilefertigung Dresden GmbH, which is based in Ottendorf-Okrilla. The company provides machining services under contract. With over 50 employees, the firm has a wealth of expertise and experience in the production of specialised parts, small batches and assemblies for vacuum systems used in thin-film printing technology, microelectronics, electron beam technology and specialised equipment for electrical engineering and electronics applications. The acquisition of FAD was a step forward in the long-term process of achieving Managing Director Lenz’s strategic objectives, which are: continue to grow; attract and retain skilled employees; expand the partnership with FAD to create and leverage synergies.

VENTRADA Corporate Finance GmbH was involved in the acquisition process from the very beginning. VENTRADA was responsible for the financial and commercial due diligence and prepared a valuation for the company which was the basis for the transaction. It also moderated acquisition talks and supported the buyer with funding negotiations.