11 July 2019
STURM Gruppe and Nimbus set to secure future success
Nimbus is pleased to announce its acquisition of the majority of shares of Sturm Gruppe on 1st April 2019. Sturm Gruppe plans, develops and implements turnkey machines, systems and special machines to specific requirements, tailoring them to clients’ wishes. The company relies on the combined expertise of some 800 specialists and creative lateral thinkers.
In addition to providing the required equity, Nimbus also laid out a clear, long-term vision to secure future success together with the company’s present management. As a result, the deal met with the approval of Sturm Gruppe’s founder Wilhelm Sturm. He considers Nimbus a trustworthy partner which offers the best opportunities for Sturm Gruppe’s future. Mr. Sturm will remain involved as a co-shareholder.
With Nimbus’ funding and expertise in place, Sturm Gruppe once again has a healthy equity ratio and is set to kickstart and accelerate performance improvement projects. The transformation will focus on core competencies and customer value. In addition, a new deal structure will be put into place.