Another exit: HTGF sells EH‑D to Bosch Rexroth
Bonn — High-Tech Gründerfonds (HTGF) can report another successful exit. The assets of EH‑D were sold to Bosch Rexroth. The location will remain, the employees will move to Bosch Rexroth. — It is the ninth portfolio company of HTGF to be acquired by a fund investor of HTGF. Robert Bosch GmbH is invested in all three HTGF funds. HTGF is a seed investor for technology start-ups, but also a platform for exchange between corporations, medium-sized companies and start-ups.
“By taking over the special compact axis know-how, we will be able to offer our customers a technologically and economically leading drive solution for all performance classes in the future and drive forward the electrification of industrial applications. In addition, the broader portfolio supports us in our strategy to win customers in further sectors such as the food industry.” Dr. Steffen Haack, Member of the Executive Board of Bosch Rexroth AG responsible for Development and Head of the Industrial Hydraulics Business Unit, said.
The compact axles of EH‑D and Onovum EH‑D and Onovum have a leading position in this market segment and have a wide range of customers. They are used in a wide range of applications in various industries where linear movements with high force are required: typically in plastics machinery or presses, in power plant engineering, the steel industry, metal processing, refrigeration, the food industry or in mobile applications. As early as 2010, High-Tech Gründerfonds (HTGF) and Bayern Kapital invested in EH‑D (formerly Böhner-EH GmbH) as part of a seed financing round.
Dr. Andreas Olmes, Principal of High-Tech Gründerfonds: “We are extremely proud that founder and CEO Kai Böhner has revolutionized electro-hydraulic drives on the basis of the investment together with Bayern Kapital in 2010. We are all the more pleased that this in turn convinced Bosch, represented by Bosch Rexroth, an investor in HTGF from the very beginning and throughout, to take over EH‑D and integrate it into its own product range. Congratulations!”
About Bosch Rexroth
As a leading global supplier of drive and control technologies, Bosch Rexroth ensures efficient, powerful and safe motion in machines and systems of all types and sizes. The company bundles worldwide application experience in the market segments of mobile applications, plant engineering and construction, and factory automation. With intelligent components, customized system solutions, and services, Bosch Rexroth creates the conditions for fully networkable applications. Bosch Rexroth offers its customers hydraulics, electric drive and control technology, gear technology, and linear and assembly technology, including software and interfaces to the Internet of Things. With a presence in more than 80 countries, over 29,600 employees generated sales of around 5.2 billion euros in 2020. www.boschrexroth.com
About High-Tech Gründerfonds
The seed investor High-Tech Gründerfonds (HTGF) finances technology start-ups with growth potential. With a volume of around EUR 900 million spread across three funds and an international partner network, HTGF has supported more than 600 start-ups since 2005. His team of experienced investment managers and start-up experts supports the young companies with know-how, entrepreneurial spirit and passion. The focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. More than EUR 3 billion in capital has been invested in the HTGF portfolio by external investors in more than 1,700 follow-on financing rounds to date. In addition, the fund has already successfully sold shares in more than 130 companies.
Investors in the public-private partnership include the German Federal Ministry for Economic Affairs and Energy, KfW Capital, the Fraunhofer-Gesellschaft and the companies ALTANA, BASF, Bayer, Boehringer Ingelheim, B.Braun, Robert Bosch, BÜFA, CEWE, Deutsche Bank, Deutsche Post DHL, Dräger, 1+1 AG, EVONIK, EWE AG, FOND OF, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG. www.htgf.de