About private equity

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Private equity in action - Case Study

Maag Group

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Country Germany
Region Bayern
Investor CGS, Clyde Blowers Capital

Maag Group was created in 2010 through the merger of Swiss pump manufacturer Maag and Automatik, a German manufacturer of polymer processing machinery. The backdrop for the deal, put in place by CGS and Clyde Blowers, was a sharp downturn in both companies’ business in 2009, brought on by the tough economic conditions.

Following the investment, private equity set about improving company performance by developing a new generation of machinery, redesigning existing machinery and optimising the production processes. The efforts resulted in a near-doubling of company profit margins and more than a 40% increase in sales, with the combined group attracting the attention of US-based manufacturing giant Dover Corporation, which bought Maag Group in 2012.

Ueli Thuerig


Maag Group

We have built a strong company through the years and we have greatly enjoyed our partnership with CGS Management and Clyde Blowers Capital. Quotation Marks Graphic

new jobs created worldwide


new manufacturing and service sites

What did the business need?

  • Investment to become a global force in polymer processing equipment
  • Capital for new product development
  • Establishment of new worldwide production and service sites
  • Expansion of polymer and extrusion pumps business

How did private equity backing create lasting value?

  • Provided financial guidance and support for the businesses during the economic downturn
  • Established production and service sites in Brazil, China, Malaysia, Taiwan and the US
  • Integrated Automatik and Maag businesses
  • Implemented a new organisational structure and created global sales teams
  • Invested in developing new generation of more productive and energyefficient machinery

What outcomes did private equity investment achieve?

  • Increased core profits by 12% to 19%
  • Investing in equipment made Automatik German innovation leader and doubled registered patents
  • Established Maag as world leading maker of equipment and systems for global plastics processing machinery industry
  • Created 40 new jobs globally, including 15 in Germany
  • Increased sales from €84m in 2009 to €120m in 2012

More information

Maag Group



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