Tyrol Sells Suspa To Andlinger, Co-investor

Andlinger & Company, a group of private investors seeking opportunities to invest in growing companies, has agreed to buy 100 percent of Suspa, a global leader in gas springs manufacturing, from Tyrol Equity. The deal will go through with Andlinger and a co-investor effecting a total buyout of Suspa’s holdings, including its subsidiary units located in the United States, India, Germany, China, the UK and the Czech Republic. Tyrol Equity, an Austria-based investment firm operating out of Innsbruck, was founded in 2007 and has a target investment range of between EUR 100 mln and 150 mln; with the sale of Suspa, Tyrol will resume its focus on the growth market in Germany.

Suspa (www.suspa.com)

Suspa is a world leader in the gas springs, hydraulic dampers and piston rods manufacturing. The company also produces table lift systems, automobile adjustment systems and crash management products. Suspa products are used in several industries, including private and commercial automobiles, furniture, industrial equipment, home appliances, medical and laboratory systems. The company boasts revenues of over EUR 164 mln and currently employs 1,600 staff, primarily deployed in Europe and Asia, with about 120 employees in the United States. Suspa produces over 50 mln products per annum, with about 1,500 variations within that count.