Our Investment Banking team acted as a sell-side advisor to HSTec in the strategic sale of 90 percent of the company to Germany-based CHIRON Group. With the acquisition, HSTEC will benefit significantly from the engineering expertise and the global presence of the CHIRON Group.
HSTEC is the leading player in the SEE region in the production of high-speed motorized spindles, special machines and machine tool components while also providing robotic automation services. HSTEC offers a wide range of customized motorized spindles, direct driven units, special machine tools and assembly machines, as well as the implementation of robotic cells for various applications. Additionally, it is the only Company in the SEE region that has an integrated system of production, service and repairs of motorized spindles.
The CHIRON Group is a global company specializing in CNC vertical milling and mill-turn machining centers, as well as turnkey and automation solutions. Comprehensive services, digital solutions and products for additive manufacturing complete the portfolio. The Group has a global presence, with production and development sites, sales and service subsidiaries, and sales agencies worldwide. Around two thirds of machines and solutions that are sold are exported. Key customer sectors are the automotive, mechanical engineering, medicine and precision engineering, aerospace industries, as well as tool manufacturing.