VESCON Schiller

Sector: Industrials

The newly-formed automation platform (combining VESCON and Schiller) is a leading solution provider for industrial automation, automated material handling and intralogistics applications

Business Overview

  • The newly-formed automation platform (combining VESCON and Schiller) is a leading solution provider for industrial automation, automated material handling and intralogistics applications
  • Headquartered in Germany, the combined business has over 50 years of experience and now operates from 13 locations across Germany and neighbouring countries, with over 700 employees. The two companies, VESCON and Schiller, provide complementary offerings, servicing different parts of the industrial automation value chain, while still operating effectively independently
  • VESCON offers a broad range of automation solutions along with planning and commissioning services for various industries including automotive, pharmaceuticals and chemicals as well as energy
  • Schiller has a more niche focus on automated material handling and intralogistics solutions for industrial, automotive and clean-room applications
  • Together, the merger of VESCON and Schiller delivers a highly complementary expansion to each company’s individual service and product offering. The companies operate mainly on a project-led basis, with new business being received either directly from original equipment manufacturers, or indirectly through general contractors

Investment Thesis

  • Long-term demand in the automation sector, provides longevity to the business proposition
  • Integrated and longstanding relationships with international blue-chip customer base
  • Well-diversified portfolio of customers with the top 10 representing only 60% of total business output
  • Positive market trends support increased outsourcing to specialist market participants such as VESCON and Schiller
  • Strategic growth opportunities in Europe through execution of buy-and-build strategy in highly fragmented automation market
  • High financial visibility as manufacturers typically begin production planning for new automotive models three years in advance
  • Well regarded sponsor and experienced management team in the automation sector