Press Release | ATX Hardware acquires Leitec Test Solutions

Europe's market leader in test fixture construction ATX and Leitec form a group of companies with approx. 170 employees.
Both companies are united by their high standards of quality, reliability and supply security.
The companies will initially remain independent, but are to be merged in the future.
The founder of Leitec, Rainer Kocher, remains managing director and co-partner of Leitec and thus an essential contact person for business partners.

Pürgen / Holzgerlingen, 18 May 2021. ATX Hardware GmbH ("ATX") has acquired a majority stake in the Leitec Solutions GmbH ("Leitec") was taken over. Through the strategic merger, Europe's market leader in test fixture manufacturing ATX and Leitec join forces to form a group of companies with approx. 170 employees.

ATX is a portfolio company of Harald Quandt Industriebeteiligungen GmbH ("HQIB"), which acquired a majority stake in the Company in 2020.

There will be no changes in the management of either company. Rainer Kocher will also remain a co-partner in Leitec. ATX and Leitec will work together strategically and operationally in the future, but will initially remain independent companies. In the future, the companies are to be merged at the Weil im Schönbuch and Holzgerlingen sites due to their regional proximity.

"The acquisition of Leitec is an important growth step for us. Together, we are looking positively to the future and look forward to working with Rainer Kocher and his team. In the future, we want to further strengthen the areas of product innovations and best practices in production in particular and thus expand our position as the leading European supplier in test fixture construction," says Hans Drexler, founder and CEO of ATX.

"We are very excited about our partnership with ATX. Together we can draw on an extensive network and a broad, combined pool of resources, from which our customers will also benefit in the future. With ATX at our side, Leitec remains a reliable partner for high-quality test fixtures and other technical solutions," says Rainer Kocher, founder and CEO of Leitec.

The parties have agreed not to disclose details of the transaction.

About ATX

ATX is Europe's market leader in the manufacture of test adapters for electronic test procedures. As a specialized solution provider, the company designs and produces customer-specific products in semi-automated individual and small series production. Most of the devices are precision-engineered one-offs with varying degrees of complexity. Customers use the products for in-circuit, functional and final tests of electronic assemblies and printed circuit boards. ATX stands out from the competition in particular due to its high level of innovation and quality. As a medium-sized company, ATX employs approximately 150 people at two locations in Upper Bavaria (Pürgen) and Baden-Württemberg (Weil im Schönbuch). The company was founded in 1997. For further information please visit www.atx-hardware.de

About Leitec

Leitec is a specialised provider in the field of testing technology and PCB processing. The portfolio includes products, services and complete services that are precisely tailored to the needs and requirements of the customers. Product quality, creative knowledge and technical know-how are just as much the focus of the company as the permanent willingness to innovate and proximity to the customer. The company is based in Holzgerlingen (Baden-Württemnberg) and employs around 20 people. Leitec was founded in 2009. You can find further information at www.leitec.info.

About Harald Quandt Industrial Holdings

Harald Quandt Industriebeteiligungen GmbH is an investment company of the Harald Quandt family and a small number of selected (industrial) families and partners. HQIB invests in small and medium-sized companies in German-speaking countries that are active in established, future-oriented and technically sophisticated sectors with attractive growth potential. As an industrial holding company, HQIB pursues a long-term and sustainable investment approach and is not subject to maturity restrictions or limited holding periods. For further information please visit www.hq-ib.com

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