CCS Holding acquired Adaxys Group

MP Corporate Finance acted as the exclusive financial advisor to Swiss’ CCS Customer Care & Solutions Holding AG in the acquisition of Adaxys SA, an EMS provider, as part of the buy & build strategy.

Following the previously arranged succession for CCS Group with Zurmont Madison and in course of the aspired Buy & Build Strategy, MP advised its client on the acquisition of Adaxys including financial, strategic and integration-related aspects.

Adaxys Group is an EMS provider specializing in small and medium volumes and high product mix for industrial electronics. It provides extensive engineering, development, and manufacturing and logistics services along the entire product life cycle. The company manufactures technically demanding specific solutions, principally for clients in the German-speaking area. Located in Mendrisio and Hombrechtikon, it serves prominent clients on a national and international scale with an emphasis on key industries such as energy, machinery, smart automation, high-frequency solutions, communication and defence.

CCS and Adaxys complement each other outstandingly and will be able to mutually benefit from client relationships, sales activities and in purchasing. The strategic alliance between the two creates a company that is the number one in Switzerland and the seventh-largest provider in the DACH region (Germany, Austria and Switzerland) with more than 1,300 dedicated employees operating at seven locations throughout the world, including three in Switzerland, as well as in Germany, Sri Lanka, China and Hong Kong. Complementary client portfolios, locations and technical expertise will strengthen the positioning of both companies for many years to come. Thanks to a European-Asian production and competence platform, a wide range of client needs can be covered and proximity to clients further intensified.

The realization of the buy-and-build strategy will give the group a competitive edge in the attractive, but fiercely fought-over E2MS market and means that small and medium-size enterprises in the industrial, instrumentation and control technology, transport, communication, building services engineering, medicine and avionics sectors can be serviced more flexibly. Management from both companies will be in charge of future operations, providing best practices for its international customers according to the company slogan “Asian Efficiency and European Precision”. Zurmont Madison has to date invested more than CHF 400 million in equity capital in 20 shareholdings by focusing on financing corporate successions, MBOs and spin-offs of Group companies in Switzerland, Germany and Austria. The current Zurmont Madison Private Equity L.P. fund has a volume of CHF 250 million and currently owns four majority shareholdings: Röder Zeltsysteme und Service AG, Germany; Schweizer SMB SA in Ticino; CLS Communication AG in Zurich; and Bauwerk Parkett AG in St. Margarethen.