Munich / Memmingen – AL-KO GmbH, Munich-based parent company of the international firm AL-KO Kober SE, gets on board as an investor and strategic partner with Memmingen-based electronics service provider Steca Elektronik GmbH. AL-KO and Steca have agreed that AL-KO will take over the majority of shares in Steca, effective 01 January 2017, by means of a capital increase. The Voigtsberger family, who founded the company, will remain associated with the enterprise as shareholders and continue to play active roles.
Steca was founded in 1976 and today is a sought-after industry partner in the development and production of electronic assemblies (EMS) and cable technology for a wide range of applications. The Memmingen-based company also specialises in solar electronics, with a specific focus on inverters for the high-growth photovoltaic storage systems segment. Employing around 700 members of staff at its sites in Memmingen and Bulgaria, Steca generates an annual turnover of around €70 million.
Steca will form an independent business unit of the AL-KO Group, in addition to the existing Ventilation and Air Conditioning, Garden Technology and Vehicle Technology segments. As part of the AL-KO Group, Steca is set to benefit from synergy potential in the fields of strategic purchasing, sales and services as well as from AL-KO’s know-how and strength in the areas of internationalisation and project financing.
Raymond Kober, Managing Director of AL-KO GmbH: “By getting on board with Steca, we not only expand the AL-KO Group to include a promising division, but also lay the foundations for a sustainable and stable growth strategy at Steca. This is absolutely essential if we are to build on our competitiveness in the face of increasing global challenges.”
Peter Voigtsberger, Managing Partner of Steca Elektronik GmbH: “We are delighted to have AL-KO as a partner. They are an innovative company with a strong tradition in this (Swabian) region. This situation means we can press ahead together with jointly planned developments and investments that will strengthen our position as a premium industry partner in the fields of electronics services and solar electronics.”
Steca will still be headed up by the existing management team. Peter Voigtsberger is responsible for Finance while his brother Michael Voigtsberger is responsible for the Solar Electronics and Development divisions. Meanwhile, Dr Gerald Katzler, who previously worked for Osram as Plant Manager at several sites around the world, is in charge of the EMS and Production division.