CPS is a bunch of producing and design firms with $150 million in annual gross sales in 2020. With greater than 400 workers, the group supplies modern product options to purchasers within the semiconductor, life science, high-purity chemical processing, gasoline methods, and wastewater industries. CPS is predominantly energetic in North America with exports to Europe and Asia.
Dr. Wolfgang Büchele, CEO of Exyte, acknowledged: “CPS is an ideal match for Exyte. The specialised information and technical capabilities of the crew are extraordinarily spectacular. We’re trying ahead to increasing our providing within the providers and course of gear space. Our strengthened world footprint will enable us to additional improve our service to present and new prospects in our semiconductor and biopharma and life sciences companies. The acquisition will function a platform for future bolt-on acquisitions.”
“We’re thrilled to turn out to be a part of Exyte,” mentioned Dmitry Shashkov, CEO of CPS. “CPS and Exyte serve the identical industries and share the identical excessive requirements of technical experience and challenge execution. Collectively, we will fulfill the wants of our prospects within the US even higher and now additionally everywhere in the world. Exyte and CPS are each well-recognized gamers out there, and we’re satisfied that the mixture of the 2 will enable us to additional speed up our progress.”
Brian Crumbaugh, associate at Wynnchurch, acknowledged: “By Wynnchurch’s partnership with administration, CPS has achieved a variety of milestones since 2018. These embody investments in further engineering and gross sales sources, creating a refined business technique to drive new enterprise wins, establishing coverage deployment instruments to create a tradition of steady enchancment, recruiting and selling a number of new members of the management crew, and buying Nuance Programs. These initiatives have resulted in important progress in income and EBITDA at every of CPS’s enterprise models. Exyte is the perfect associate and new shareholder for CPS to proceed its progress path within the upcoming years.”
Exyte is a worldwide chief within the design, engineering, and supply of services for high-tech industries. With a historical past of greater than 100 years, the corporate has developed distinctive experience in managed and controlled environments. Exyte has a really world footprint, serving probably the most technically demanding purchasers in markets akin to semiconductors, batteries, prescription drugs, biotechnology, and information facilities. The corporate provides a full vary of providers, from consulting to the managing of turnkey options – delivered to the best high quality and security requirements. Fixing probably the most advanced challenges, Exyte forges trusted, long-lasting relationships with its purchasers. In 2020, Exyte generated gross sales of EUR 4.1 billion with over 4,900 extremely skilled and motivated workers. The corporate is ideally positioned to additional strengthen its market management with its broad business perception and its distinctive abilities.
Important Course of Programs Group, headquartered in Boise, Idaho, is a number one supplier of mission-critical options for extremely demanding industries and purposes. The corporate supplies a broad vary of merchandise & providers together with corrosive fume exhaust ducts and air move management gadgets, excessive purity course of utility modules, biopharmaceutical processing gear, and liquid, chemical, and gasoline storage, mixing, and supply management merchandise, in addition to course of and mechanical engineering providers and challenge administration.
Wynnchurch Capital, L.P., headquartered within the Chicago suburb of Rosemont, Illinois, with places of work in California, New York, and an affiliate in Canada, was based in 1999, and is a number one middle-market personal fairness funding agency. Wynnchurch’s technique is to associate with center market firms in the USA and Canada that possess the potential for substantial progress and revenue enchancment. Wynnchurch Capital manages a variety of personal fairness funds with $4.2 billion of dedicated capital below administration and focuses on recapitalizations, progress capital, administration buyouts, company carve-outs and restructurings.
Vice President Company Communications
& Investor Relations
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Important Course of Programs Group
President and CEO
Tel.: +1 978-691-2737