Altor and SMS Group to jointly invest in KAEFER for a 50% shareholding
Altor Fund V (“Altor”) and SMS Group have jointly signed an agreement to invest in KAEFER Isoliertechnik GmbH & Co. KG (“KAEFER”) for a 50% shareholding. Altor partners with family- owned SMS and the family shareholders of KAEFER to support the continued internationalization and excellence programs at KAEFER.KAEFER holds a leading position as a globally active asset integrity services and solution provider, with an annual turnover of around €1.8 billion. Headquartered in Bremen, Germany, the Company has built a strong reputation with clients around the world for its best-in-class