Amann Girrbach announces the final closing of the transaction between Capvis and TA Associates to acquire the majority share of the company
Koblach (Austria) 05.06.2018 As part of the closing of the transaction and new ownership, Amann Girrbach AG also announces changes to its Supervisory Board. With immediate effect Jonathan Meeks and Birker Bahnsen step down from the Supervisory Board and are succeeded by a new Supervisory Board headed by Dr Wolfgang Reim as new Chairman.
The company also announces that Peter Nicklin steps down as Chairman of the Supervisory Board and is appointed as CEO and member of the Management Board of Amann Girrbach AG.
With the successful transition of the company to its new owners, Peter Simma, CFO/COO and member of the Management Board of Amann Girrbach AG, has decided to take this opportunity to leave the company and pursue new professional opportunities. The outgoing, as well as the incoming Supervisory Board of the company are very grateful to Peter Simma for his significant contribution to the outstanding success of the company for over three years and wish him well for the future.
The company will immediately begin a search for a new CFO.
Peter Nicklin, new CEO, comments: “Having had the opportunity to get to know the company over the last 9 months as Supervisory Board Chairman, I am delighted to take up my new operating role at Amann Girrbach now. Given the world leading technology base and outstanding employee team I have witnessed, I am very excited about the opportunities and potential that lie ahead of us. At the same time, I would like to thank all of our employees both past and present for their dedication in building a company that now has an outstanding global reputation and footprint”.
Wolfgang Reim, new Chairman of the Supervisory Board, adds: “I have been able to observe the company’s successful progress for a number of years and I am very pleased to be able to join the new Supervisory Board in helping to take the company through its next stage of development. Technological leadership and best in class execution will remain cornerstones for our success in the future”.
About Amann Girrbach
As a pioneer in dental CAD/CAM technology Amann Girrbach is one of the leading innovators and preferred full-service providers in digital dental prosthetics. With its high degree of expertise in development and commitment to customer orientation, the ambitious company from Vorarlberg, Austria, creates sophisticated system solutions for tomorrow's practice routine.
Maximum customer satisfaction and a constantly increasing number of partners in over 90 countries worldwide speaks for itself. Amann Girrbach has long since proved itself in the global dental sector as a guarantee for the highest quality innovative material, excellent quality products and sophisticated system solutions.
Innovation in all product ranges but still affordable for everyone, even small laboratories; that is the maxim of Amann Girrbach. The future of dental technology is without doubt, digital. The satisfaction of future patients lies with Amann Girrbach and means the highest precision, impeccable functionality, immaculate aesthetics and comprehensive protection.
Capvis is one of the leading private equity firms in Europe. Capvis focuses on majority holdings in leading mid-sized companies. It aims to support management teams in unleashing entrepreneurial potential and achieving new levels of excellence. Since 1990 Capvis has completed 54 transactions with a total volume of more than EUR 5 billion. Capvis has floated ten companies on stock exchanges and has repeatedly been voted Switzerland's and also Germany's best private equity firm by the international financial press.