Altor acquires majority of VTU and partners with management
Stockholm/Vienna, 17/02/2023 - Altor Funds (“Altor”) have signed an agreement to acquire a majority in VTU Group GmbH (“VTU”), a leading Life Sciences and Green Transition process engineering company, from funds advised by DPE Deutsche Private Equity Management III GmbH. VTU’s management will reinvest in the Company. Altor will support VTU’s strategy to become a European leader in high value-added process engineering services for Life Sciences industries and a sector specialist in Green Transition process engineering. The closing is subject to regulatory approval.Founded in 1990 in Graz,