HgCapital is pleased to announce that it has agreed the sale of SFC KOENIG, a Switzerland-based, leading provider of high-quality, sealing and flow control technology, to IDEX Corporation (“IDEX”), a producer of highly engineered fluidics systems and components in the USA. Completion is subject to, amongst other things, regulatory approval.
With roots in custom-made sheet metal working in Zurich since 1927, SFC KOENIG first evolved into current form in 1985. Since then it has grown to serve markets across the world with a range of sealing and flow control technologies including its core products, the KOENIG EXPANDER® sealing plugs and KOENIG RESTRICTOR® orifices.
HgCapital initially invested in the autumn of 2008, alongside Swiss private equity firm, Capvis. Since that time, HgCapital has supported the SFC KOENIG team in various initiatives to accelerate revenue growth and has invested significantly into international expansion and R&D.
“We are happy to join the IDEX family, a platform which convinced us to be an ideal environment to support our ideas and achieve our long term targets,” says Alparslan Kütükcüoglu, CEO of SFC KOENIG. “Both our companies are committed to highly engineered products, innovation and deep customer relationships.”
Arno Poschik, Director at HgCapital, said:
“HgCapital is proud to have worked alongside SFC KOENIG since 2008. We found a high quality niche champion in its industry and forged a partnership to support its growth into international markets and the development of its product offering, even through challenging times. This is a firm grounding from which SFC can continue to grow and IDEX is an excellent partner to help put this into practice.”