Proventis Partners advised CrossLink

The main business areas of CrossLink GmbH, Cadolzburg near Nuremberg, are in the field of medical technology, almost all branches of mechanical engineering and the automotive industry. In many areas they coincide with the range of products offered by Murtfeldt’s subsidiary carbovation GmbH, Friedrichshafen, but in terms of technology CrossLink offers a consistent expansion of the manufacturing processes already in use. Thus, high-quality components up to a length of five metres and a diameter of around two and a half metres can now be manufactured on an additional 3000 square metres in the area of prepreg autoclave technology. The RTM and press technology also enable larger series quantities and component qualities with Class A surface quality; components with a size of up to three and a half x two and a half metres can be reworked in-house using milling technology.

In recent years, the Murtfeldt Group has positioned itself in this area in a future-oriented and holistic manner with a focus on growth and further opportunities in hybrid lightweight construction. So far, this market segment has been covered by the Murtfeldt subsidiary carbovation GmbH, Friedrichshafen.

“The acquisition of CrossLink GmbH from Cadolzburg is a perfect addition to our range of products and services,” explains Detlev Höhner, Managing Director of the Murtfeldt Group. “CrossLink is a proven player in the fibre-reinforced lightweight construction sector. Our customers will benefit even more from the broader spectrum of manufacturing technologies in the future,” Höhner continues.

Depending on the number of pieces and component complexity, customers will in future be able to choose from an even larger portfolio of manufacturing processes, which will also expand the consulting and design services. “With CrossLink, we have taken over 50 employees who will advise our customers together with the carbovation colleagues in Friedrichshafen in order to find the right solutions for tasks in the field of fibre-reinforced components,” emphasises Höhner.

Proventis Partners advised CrossLink throughout the entire M&A process. Following the successful sale of CrossLink’s thermal insulation business in 2020, this was the second transaction that Proventis Partners advised CrossLink on.  The services provided included the preparation of marketing materials, the approach of potential investors including management presentations as well as the support in the due diligence and negotiation of the transaction. The Proventis Partners transaction team: Dr. Axel Deich (Associate Partner, Munich) and Andreas König (Senior Associate, Munich).