{"id":17856,"date":"2020-08-27T00:00:00","date_gmt":"2020-08-27T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/"},"modified":"2026-07-21T13:48:53","modified_gmt":"2026-07-21T17:48:53","slug":"livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/","title":{"rendered":"Livingstone advises the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH"},"content":{"rendered":"\n

Livingstone has advised the shareholders of <\/strong>AT \u2013 Automation Technology GmbH<\/strong><\/a> (\u201cAT\u201c) on the sale of a majority share to <\/strong>PINOVA Capital GmbH<\/strong><\/a> (\u201cPINOVA\u201c). Livingstone was the exclusive M&A advisor to AT.<\/strong><\/p>

AT-Automation Technology GmbH, based in Bad Oldesloe, Germany, was founded in 1998 by Michael Wandelt and Dr. Andr\u00e9 Kasper. The company is a global technology leader for sophisticated vision sensors. It develops and manufactures 3D sensors and sensor solutions for industrial automation and smart infrared cameras for condition monitoring and inspection tasks (e.g. non-destructive testing).<\/p>

With more than 20 years of application-specific expertise, AT provides both standardized and application-specific product solutions used in a wide range of customer industries, e.g., automotive, aerospace, plastics processing, or electronics.<\/p>

Recently, AT successfully transformed itself from a supplier of customer-specific systems to a technology leader of scalable, \u201coff-the-shelf\u201d product solutions, providing the impetus to take advantage of the growth opportunities available in the rapidly advancing automation technology market. With the launch of the world\u2019s first smart infrared camera as an all-in-one solution (i.e. making the use of computers, external interfaces, and specialized thermal imaging software obsolete),  AT offers a unique and scalable product in the infrared segment.<\/p>

The former managing shareholders will continue their duties as managing directors of AT after the completion of the transaction and will remain minority shareholders. Michael Wandelt, founder and CEO of AT,<\/strong> comments, \u201cAT is a traditionally \u201cengineer-driven\u201d company and has continuously shown strong growth in the last years. With PINOVA, we found a suitable partner who is able to support the company\u2019s further development as well as the establishment of the structures required for future growth.\u201d<\/em><\/p>

PINOVA is an independent private equity firm for the equity financing of fast-growing, innovative medium-sized companies in the German-speaking region with revenues between EUR 10 million and EUR 75 million and equity requirements between EUR 10 million and EUR 50 million. For PINOVA, the investment in AT is the second vision technology investment in the strongly growing industrial automation segment following the 2019 acquisition of Sill Optics.<\/p>

Herbert Seggewi\u00df, Partner at PINOVA<\/strong>, comments, \u201cThe acquisition of AT is a very attractive extension of our investment portfolio. We are pleased with the acquisition, and together with Michael Wandelt and Dr. Andr\u00e9 Kasper, we will be able to accelerate the further development of AT in the future to take advantage of the growth potential in this dynamic market.\u201d<\/em><\/p>

\u201cLivingstone advised us comprehensively throughout the entire sales process and played a major role in structuring the transaction and finding the right partner for our company. We are pleased to find a strong partner in PINOVA, who, despite the COVID-19 pandemic has remained committed to closing the transaction,\u201d<\/em> says Dr. Andr\u00e9 Kasper, founder and CTO of AT<\/strong>.<\/p>

Ralph Hagelgans<\/strong><\/a> and Philip Dorsemagen, Partner and Director at Livingstone Partners<\/strong>, added, \u201cAT-Automation Technology is a clear market leader in its niche, providing market leading technology, product solutions with clear Unique Selling Points and excellent customer service. At the same time, however, the company has to take the next major growth step, comprising the general organization of the company, its sales structure along with its further international setup. For the implementation of this strategy, the shareholders have now found the ideal partner in PINOVA who contributes this know-how. We would like to thank Mr. Wandelt and Dr Kasper for their trust and the close and successful collaboration.\u201c<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Livingstone has advised the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH and acted as exclusive M&A advisor to the sellers.<\/p>\n","protected":false},"featured_media":3600,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-17856","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1922,1933],"date":"20200827","client_type":58,"type":[1063],"region":[404],"services":[469],"sectors":[901,900,909,896,917,892],"related_transactions":"","related_testimonials":[53542],"contacts":""},"yoast_head":"\nLivingstone advises the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Livingstone advises the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH\" \/>\n<meta property=\"og:description\" content=\"Livingstone has advised the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH and acted as exclusive M&A advisor to the sellers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/\" \/>\n<meta property=\"og:site_name\" content=\"Livingstone Partners\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-21T17:48:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/b96a30b0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1688\" \/>\n\t<meta property=\"og:image:height\" content=\"1126\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Ber\u00e4knad l\u00e4stid\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minut\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/transaction\\\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\\\/\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/transaction\\\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\\\/\",\"name\":\"Livingstone advises the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH - Livingstone Partners\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/transaction\\\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/transaction\\\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/b96a30b0.jpg\",\"datePublished\":\"2020-08-27T04:00:00+00:00\",\"dateModified\":\"2026-07-21T17:48:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/transaction\\\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\\\/#breadcrumb\"},\"inLanguage\":\"sv-SE\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/transaction\\\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"sv-SE\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/transaction\\\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\\\/#primaryimage\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/b96a30b0.jpg\",\"contentUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/b96a30b0.jpg\",\"width\":1688,\"height\":1126},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/transaction\\\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Transactions\",\"item\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/transaction\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Livingstone advises the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/#website\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/\",\"name\":\"Livingstone Partners\",\"description\":\"Deals Done Right.\",\"publisher\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"sv-SE\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/#organization\",\"name\":\"Livingstone Partners\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"sv-SE\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/logo_livingstone.svg\",\"contentUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/logo_livingstone.svg\",\"caption\":\"Livingstone Partners\"},\"image\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/sv\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/livingstone\\\/\"],\"description\":\"Livingstone is an independent, global M&A and debt advisory firm with a proven track record of delivering exceptional outcomes for private and public businesses and private equity investors.\",\"email\":\"marketing@livingstonepartners.com\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Livingstone advises the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH - Livingstone Partners","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/","og_locale":"sv_SE","og_type":"article","og_title":"Livingstone advises the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH","og_description":"Livingstone has advised the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH and acted as exclusive M&A advisor to the sellers.","og_url":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/","og_site_name":"Livingstone Partners","article_modified_time":"2026-07-21T17:48:53+00:00","og_image":[{"width":1688,"height":1126,"url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/b96a30b0.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Ber\u00e4knad l\u00e4stid":"3 minut"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/","url":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/","name":"Livingstone advises the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH - Livingstone Partners","isPartOf":{"@id":"https:\/\/livingstonepartners.com\/sv\/#website"},"primaryImageOfPage":{"@id":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/#primaryimage"},"image":{"@id":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/#primaryimage"},"thumbnailUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/b96a30b0.jpg","datePublished":"2020-08-27T04:00:00+00:00","dateModified":"2026-07-21T17:48:53+00:00","breadcrumb":{"@id":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/#breadcrumb"},"inLanguage":"sv-SE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/"]}]},{"@type":"ImageObject","inLanguage":"sv-SE","@id":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/#primaryimage","url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/b96a30b0.jpg","contentUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/b96a30b0.jpg","width":1688,"height":1126},{"@type":"BreadcrumbList","@id":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-the-shareholders-of-at-automation-technology-gmbh-on-the-sale-of-a-majority-share-to-pinova-capital-gmbh\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/livingstonepartners.com\/sv\/"},{"@type":"ListItem","position":2,"name":"Transactions","item":"https:\/\/livingstonepartners.com\/sv\/transaction\/"},{"@type":"ListItem","position":3,"name":"Livingstone advises the shareholders of AT \u2013 Automation Technology GmbH on the sale of a majority share to PINOVA Capital GmbH"}]},{"@type":"WebSite","@id":"https:\/\/livingstonepartners.com\/sv\/#website","url":"https:\/\/livingstonepartners.com\/sv\/","name":"Livingstone Partners","description":"Deals Done Right.","publisher":{"@id":"https:\/\/livingstonepartners.com\/sv\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/livingstonepartners.com\/sv\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"sv-SE"},{"@type":"Organization","@id":"https:\/\/livingstonepartners.com\/sv\/#organization","name":"Livingstone Partners","url":"https:\/\/livingstonepartners.com\/sv\/","logo":{"@type":"ImageObject","inLanguage":"sv-SE","@id":"https:\/\/livingstonepartners.com\/sv\/#\/schema\/logo\/image\/","url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/logo_livingstone.svg","contentUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/logo_livingstone.svg","caption":"Livingstone Partners"},"image":{"@id":"https:\/\/livingstonepartners.com\/sv\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/livingstone\/"],"description":"Livingstone is an independent, global M&A and debt advisory firm with a proven track record of delivering exceptional outcomes for private and public businesses and private equity investors.","email":"marketing@livingstonepartners.com"}]}},"_links":{"self":[{"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/transaction\/17856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/transaction"}],"about":[{"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/types\/transaction"}],"version-history":[{"count":0,"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/transaction\/17856\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/testimonial\/53542"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/team-member\/1933"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/team-member\/1922"}],"acf:term":[{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/sector\/892"},{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/sector\/917"},{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/sector\/896"},{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/sector\/909"},{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/sector\/900"},{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/sector\/901"},{"embeddable":true,"taxonomy":"service","href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/service\/469"},{"embeddable":true,"taxonomy":"region","href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/region\/404"},{"embeddable":true,"taxonomy":"transaction-type","href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/transaction-type\/1063"},{"embeddable":true,"taxonomy":"client-type","href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/client-type\/58"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/media\/3600"}],"wp:attachment":[{"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/media?parent=17856"}],"wp:term":[{"taxonomy":"client-type","embeddable":true,"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/client-type?post=17856"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/region?post=17856"},{"taxonomy":"sector","embeddable":true,"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/sector?post=17856"},{"taxonomy":"service","embeddable":true,"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/service?post=17856"},{"taxonomy":"transaction-type","embeddable":true,"href":"https:\/\/livingstonepartners.com\/sv\/wp-json\/wp\/v2\/transaction-type?post=17856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}