Castik Capital establishes Purchase Price Allocation following acquisition of Andra Tech Group
Castik Capital has acquired a majority stake in Andra Tech Group. As part of this transaction, Andra Tech Group, on behalf of the buyer, commissioned Match Plan to value intangible assets. These valuations were performed through a Purchase Price Allocation (PPA), in accordance with the Guidelines for Annual Reporting. The PPA was essential for the correct accounting treatment of the acquisition and provided strategic insight into the value of the acquisition within the portfolio of Castik Capital.
Precision in partnership
Andra Tech Group is a leading group of high-tech manufacturers of precision mechanical components and submodules. The group comprises nine companies with eleven modern production sites in the Netherlands and Germany, serving global customers in industries including semiconductors, medical devices, and aerospace. With over 700 technical professionals, Andra Tech Group is active in both prototypes and large-scale production.
Growth strategy with international ambition
The group is pursuing its ambitious growth strategy and aims to position itself as a leading international manufacturer of high-tech precision components and submodules. Investments are being made in the Dutch domestic market, while expansion into new geographic regions, both organically and through strategic acquisitions, is also key to further strengthening its technological expertise in precision engineering.
After a period of strong organic growth and several targeted acquisitions, for which Match Plan previously executed several PPAs, Andra Tech Group has found a strategic partner in Castik Capital for the next phase of growth. Equistone and management will retain a minority stake, underscoring their continued confidence in the company.
A successful collaboration with Match Plan
The valuation Match Plan, led by Richard Peeters, Director Valuation, conducted a valuation of Andra Tech Group's intangible assets. This included identifying and valuing customer relationships, technology, and brand names for financial reporting purposes. Thanks to its extensive experience with PPA processes and reporting standards, Match Plan provided both Andra Tech Group and Castik Capital with a solid valuation foundation for transparent reporting and further strategic decision-making.
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