PINOVA takes majority stake in ASUTEC

Pinova acquired a majority equity stake in Asutec from its founding shareholders in an agreement announced and completed in 2025. Co-founder Sebastian Unterhuber rolled over a substantial portion of his ownership proceeds to retain a significant minority shareholding alongside the private equity sponsor, continuing to oversee engineering developments and operational expansion. At the time of the transaction, Asutec operated its centralized production, design, and testing facility in Nürtingen, serving international automation clients and machinery manufacturers. The transaction supported capital expenditure programs dedicated to expanding precision machining capacity, automating assembly lines, and accelerating development across electric damping units and robotic gripping devices. Asutec had established a specialized product range used in automotive assembly plants, consumer electronics manufacturing lines, and automated warehouse logistics installations, integrating stopping technology directly into modular pallet transfer conveyor systems. Pinova financed the acquisition through dedicated capital drawn from its institutional investment funds alongside senior credit facilities provided by commercial banking partners. The investment agreement established shared governance between the private equity sponsor and the reinvesting founder, maintaining administrative and technical headquarters in Baden-Württemberg. Both parties concluded the equity transaction following customary operational verifications and bilateral corporate authorisations.