Munich, 03.01.2025 – Accursia Capital acquires Pliezhausen Thermagenix GmbH (“Pliezhausen”) and Wackersdorf Thermagenix GmbH (“Wackersdorf”) from RTA Global Holdco LLC.
Pliezhausen and Wackersdorf specialize in the production of radiators, charge air coolers, and cooling modules for vehicular applications. The former Thermagenix business units will be rebranded as ThermoDrive Solutions GmbH and ThermoDrive Solutions Wackersdorf GmbH.
Founded in 1986 and headquartered in Pliezhausen, Germany, ThermoDrive Solutions offers a comprehensive range of air cooled thermal management solutions for the automotive, off-road, and commercial vehicle markets.
The focus over the next weeks and months will be the implementation of operational excellence using best practices. The mid-term goal is to further grow the business. The growth strategy will be facilitated amongst others through leveraging synergies with other Accursia portfolio companies acting in the automotive sector.
“With the acquisition of ThermoDrive Solutions, we are strengthening our market position and strategically expanding our portfolio. Despite the current economic challenges facing the automotive industry, we are optimistic about the future. The outstanding production expertise and innovative strength of ThermoDrive Solutions will enable the company to successfully counter the current market trends.” said Martin Scheiblegger, CEO of Accursia Capital.
About Accursia Capital
Accursia Capital is an internationally active private equity holding, with offices in Munich and Milan, that invests in medium-sized industrial companies. The investment focuses on companies with significant operational value creation potentials. Typical investments are companies with unresolved succession issues, restructuring and turnaround cases, and complex carve-out projects. Accursia Capital pursues a long-term investment approach and intends to develop its investments sustainably.
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