Auctus Acquires Majority of StrikoWestofen
Munich-based Auctus Capital Partners AG acquired the majority share in the StrikoWestofen Group, a global manufacturer of melting systems and thermal-processing technology for the light-metal casting industry based in Gummersbach, Germany. StrikoWestofen has production facilities in Europe, China and North America. Auctus, which knows the light-metal casting industry and holds StrikoWestofen’s role as a technological pioneer in high regard, plans on supporting further expansion of the company’s market presence in growth industries. The altered shareholder structure will not affect current management or any existing employment relationships.