{"id":74608,"date":"2021-07-21T15:58:00","date_gmt":"2021-07-21T13:58:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=74608"},"modified":"2021-07-21T08:40:46","modified_gmt":"2021-07-21T06:40:46","slug":"austrian-mechanical-engineering-company-gfm-joins-cevotec","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/74608\/austrian-mechanical-engineering-company-gfm-joins-cevotec\/","title":{"rendered":"Austrian mechanical engineering company GFM joins Cevotec"},"content":{"rendered":"
\n

Already in 2016, Bayern Kapital and the HTGF joined Cevotec<\/a>. The Munich companies<\/a> develops fiber composite production systems for aerospace and medical technology, among others. For the investors, the deal represents an exit, as the Upper Austrian industrial company GFM is acquiring their shares in the company. Thorsten Gr\u00f6ne<\/strong>, Managing Director and co-founder of Cevotec, says:<\/p>\n\n\n\n

"GFM shares our vision of enabling manufacturers to produce complex fiber composites in high volume and quality and supports us with more than 75 years of experience in high-tech mechanical engineering. We would like to take this opportunity to expressly thank our business angel investors and our financial investors High-Tech Gr\u00fcnderfonds, Bayern Kapital, and Founder.org for their great trust and support during Cevotec's startup phase."<\/p><\/blockquote>\n\n\n\n

\u201cWe are convinced that Cevotec is well positioned\u201d<\/h2>\n\n\n\n

Michael Kralowetz<\/strong>, Chairman and Managing Director of GFM, says the Munich-based company has developed a very impressive technology for the automated processing of composite materials. He looks forward to their future innovations. George Ried<\/strong>, Managing Director of Bayern Kapital, is quoted as saying:<\/p>\n\n\n\n

"The versatility and scalability of Cevotec's technology have convinced us from day one. We are convinced that with this growth step, Cevotec is well positioned to continue its successful development in the future."<\/p><\/blockquote>\n\n\n\n

Also Olaf Joeressen<\/strong>, Senior Investment Manager at High-Tech Gr\u00fcnderfonds, is confident about the future of the former portfolio company and says:<\/p>\n\n\n\n

\u201cWith GFM as a partner, Cevotec can now grow faster and make its strong technology available to a broad customer base.\u201d<\/p><\/blockquote>\n\n\n\n

As part of the deal, CTO and co-founder Felix Michl is stepping down from his active role and will support the company in an advisory capacity in the future.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The mechanical engineering company GFM from Steyr, Upper Austria, has acquired a 49 percent stake in Cevotec. Bayern Kapital and HTGF are selling their stakes in the Munich-based company.<\/p>","protected":false},"author":26,"featured_media":74614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[615,52],"acf":[],"yoast_head":"\n\u00d6sterreichischer Maschinenbauer GFM steigt bei Cevotec ein<\/title>\n<meta name=\"description\" content=\"Das Maschinenbauunternehmen GFM aus Steyr in Ober\u00f6sterreich hat 49 Prozent der Anteile an Cevotec unter anderem von Bayern Kapital \u00fcbernommen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/74608\/austrian-mechanical-engineering-company-gfm-joins-cevotec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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