October 20, 2022
MUEGGE expands product portfolio: Acquisition of the Italian based microwave specialist LEANFA
Bad Homburg / Reichelsheim im Odw. / Ruvo di Puglia, 20/10/2022. HQ Equita, a trusted equity partner for medium-sized companies in the DACH region for almost three decades, announces the first add-on acquisition by its portfolio company MUEGGE (www.muegge-group.com), the world’s leading manufacturer of microwave and plasma technology. With the acquisition of LEANFA, the Italian specialist for solid-state microwave and high-frequency generators, MUEGGE is complementing its product portfolio.
Following the successful acquisition of Gerling Applied Engineering, based in Modesto, California, USA in 2015, the leap into Italy is the next milestone in the MUEGGE Group’s international growth strategy, which the company is consistently pursuing under the leadership of Dr. Klaus Baumgärtner, CEO and Markus Dingeldein, President.
The expansion of the product portfolio of the MUEGGE Group is an elementary component of the growth strategy.
LEANFA has been a successful and established player in the field of solid-state radio frequency technology for more than 8 years, providing technology partners and international manufacturing companies with customized solutions in the field of microwave and plasma technology based on semiconductor solutions.
LEANFA’s microwave and RF modules form the high-tech core of the new product line “Electromedical Devices (MedTech)” for different innovative applications based on hyperthermia. LEANFA technology meets the constantly growing demands of modern clinical diagnosis and therapy. The acquisition of LEANFA also forms the promising step from MUEGGE into the attractive healthcare market.
Through the newly formed connection, customers will now benefit from the MUEGGE Group’s complemented product portfolio.
“LEANFA is the perfect addition to our group of companies. Nicola di Modugno, Managing Director and Marco Fiore, Business Development Manager of LEANFA follow a portfolio strategy complementary to MUEGGE, so there are huge synergies. At the same time, we also share the same quality standards, the same values and our enthusiasm for our work. “Together, we can efficiently implement major topics such as the use of solid-state high-power generators in the industrial sector and thus further develop our vision of a modern, sustainable and global player in the high-frequency world,” explains Dr. Klaus Baumgärtner, CEO of the MUEGGE Group.
Nicola di Modugno and Marco Fiore are also enthusiastic about the merger of the companies: “We have known and appreciated the MUEGGE team for many years. It is important for us to be able to preserve our values, to further develop our expertise and focus areas as a team, and to jointly leverage synergies from which our customers worldwide will benefit. We are looking forward to the future cooperation with our new colleagues.”
Markus Dingeldein, President of the MUEGGE Group explains the next steps: “LEANFA will continue to operate independently as part of our group of companies and under the same brand name. Our medium-term goal is to develop a Competence Center for Solid-State High Frequency Technology at the Ruvo di Puglia site in order to perfectly respond to the market-specific and individual needs of our customers worldwide and to continue to live our shared values that our customers & employees hold so dear today.”
Advisor credentials of the transaction
HQ Equita and MUEGGE were advised on the transaction by law the firm Gleiss Lutz (legal and tax) and Warth & Klein Grant Thornton (FDD).
About LEANFA
LEANFA is a company founded in 2014 and develops, manufactures and distributes state-of-the-art OEM semiconductor microwave and radio frequency generators and power amplifiers, especially for industrial, scientific and medical applications. With its customized and sustainable solutions, LEANFA represents a technological reference partner for international manufacturing companies. Based in Ruvo the Puglia, Italy, the company employs a highly qualified team of 10 people and has always followed an approach focused on innovation to ensure maximum customer satisfaction.
About MUEGGE
The MUEGGE Group is the leading manufacturer and supplier of function-critical industrial microwave components, systems and plasma sources with a strong global presence. Founded in 1979 and headquartered in Reichelsheim im Odw., Germany, the company employs approximately 160 people and provides solutions for a range of industrial applications, including food processing, production of lab-grown diamonds and semiconductor components, drying processes, molecular extraction in chemistry, and hydrogen production for customers in more than 40 countries.
About HQ Equita
The HQ Equita team primarily supports owner-managed medium-sized companies in the strategic orientation and growth of their business. Since 1992, HQ Equita has developed into an established and trustworthy partner for medium-sized businesses. Around 1 billion euros have been invested in 37 small and medium-sized enterprises in German-speaking countries during this time.
Deal-Team HQ Equita
Hans J. Moock – Partner | Managing Director
Adrian von Puttkamer – Senior Investment Manager
Contact HQ Equita:
Jan Herwig
Partner I Legal & Investor Relations
+49 6172 9441 227
jan.herwig@hqequita.com
www.hqequita.com