Livingstone advised Standard Investment on the sale of Micro Machining Group to Intersaction
Livingstone is pleased to announce the firm’s Benelux team has acted as M&A advisor on the sale of Micro Machining Group (MMG) from Standard Investment to Intersaction.
The Micro Machining Group, consisting of two manufacturing facilities in the Netherlands, is a leading provider of high-tech precision metal components and (sub)modules. The company differentiates itself by providing tailored production solutions for complex, high-precision parts in small to medium production series for clients across various end-markets, including the semiconductor, HealthTech, energy, and aerospace. The transaction was signed and completed in June 2024.
Standard Investment, a hands-on independent private equity firm in the Benelux and Nordics, acquired MMG in 2016. Since the acquisition, Standard Investment has successfully optimised the business both operationally and commercially, solidifying its position as one of today’s leading players in the high-precision industry.
“After the carve-out of MMG in 2016, we managed to grow production volumes together with management while maintaining delivery performance and quality. We are very proud these former divisions of Aalberts Industries are now as a – standalone company – very well positioned to take on a lead role in the further consolidation of the machining industry,” said Herbert Schilperoord, Partner at Standard Investment.
MMG’s new owner Intersaction is an independent private equity firm based in the Netherlands. They are focused on investments in Dutch mid-market companies and are highly experienced in accelerating their growth.
The acquisition of Micro Machining Group by Intersaction will enable the company to realise its strategic ambitions of organically growing the business by exploiting ongoing developments in its core sectors. Together with its new owner, MMG will further invest in capacity, quality, and potentially expand via a third production location.
“We continuously invest in our craftsmanship, amongst others via extensive internal and external trainings. As we actively digitalize both the office and the workshop, our clients affirm their appreciation for our commitment, technical knowledge and flexibility. We look forward to further developing this great potential with Intersaction in the coming years,” said Bas Schunselaar, Managing Director of Micro Machining Group.
