UNION PARK ANNOUNCES ACQUISITION OF LAMBRECHT METEO GMBH
Göttingen, Germany – March 31, 2019. Union Park Capital, a Boston based private equity firm focused on lower middle-market industrial technology investments, announced today the acquisition of LAMBRECHT meteo GmbH (“LAMBRECHT meteo”) based in Göttingen, Germany. LAMBRECHT meteo has a history in meteorological instrumentation stretching back over 150 years and is a leading provider of specialized measurement technology with a focus on wind, precipitation, temperature, pressure, and humidity, as well as dataloggers. The business will join Union Park’s Advanced Environmental Monitoring Holdings platform (“AE Monitoring”) as its first Europe-based company. LAMBRECHT meteo will stay in Göttingen, Germany and will partner with the current businesses within the AE Monitoring family, including OneRain, High Sierra, Vieux & Associates, and FTS. Terms of the transaction were not disclosed.
“Becoming part of a group like AE Monitoring will be a great opportunity to further grow the business and expand our global footprint,” states Dirk Molthan, who will continue his role as the CEO of LAMBRECHT meteo. “The transaction is well in line with the long-term strategy of the company and will position us favorably in the market. We will continue to provide our customers and partners the trusted quality and service they have been accustomed to for many years.”
“We are very excited to welcome LAMBRECHT meteo into the AE Monitoring family,” says Peter McGuire, Partner at Union Park Capital. “Mr. Molthan has built a great business with market-leading meteorological products and a highly motivated team. Their technical capabilities, well-known and respected brand, and strong presence in Germany and Europe make it an ideal addition to the existing group. We are excited to work with Mr. Molthan and his team to broaden the product portfolio and capture new, exciting business opportunities in the future,” said Peter.
About LAMBRECHT meteo GmbH
LAMBRECHT meteo originated from the traditional Wilh-Lambrecht GmbH, which started as a precision mechanics workshop in 1859. The company develops and manufactures world-class meteorological sensors and measurement solutions for wind, precipitation, pressure, temperature, and humidity serving various classical meteorological and highly specific environmental and industrial end-markets. The company is headquartered in Göttingen, Germany. For more information, visit www.lambrecht.net.
About Advanced Environmental Monitoring Holdings
Advanced Environmental Monitoring Holdings (“AE Monitoring”) was formed by Union Park Capital in 2018 to create a family of companies focused on monitoring of critical environmental parameters, including meteorology, hydrology, air, and soil. Social demands for environmental responsibility continue to increase, leading to growing initiatives and regulations for the development of environmentally friendly industries, increased focus on disaster prevention and extreme weather (floods, hurricanes, droughts, thunderstorms, etc.), and advances in technology enabling real-time, more accurate monitoring in hazardous applications and environments. Visit www.aemonitoring.com for more information.
About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market industrial technology companies. Union Park takes a long-term perspective to help stakeholders build value over time and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA, and has extensive investments and expertise in the analytical instrumentation sector. For more information, visit www.union-park.com.
“Becoming part of a group like AE Monitoring will be a great opportunity to further grow the business and expand our global footprint,” states Dirk Molthan, who will continue his role as the CEO of LAMBRECHT meteo. “The transaction is well in line with the long-term strategy of the company and will position us favorably in the market. We will continue to provide our customers and partners the trusted quality and service they have been accustomed to for many years.”
“We are very excited to welcome LAMBRECHT meteo into the AE Monitoring family,” says Peter McGuire, Partner at Union Park Capital. “Mr. Molthan has built a great business with market-leading meteorological products and a highly motivated team. Their technical capabilities, well-known and respected brand, and strong presence in Germany and Europe make it an ideal addition to the existing group. We are excited to work with Mr. Molthan and his team to broaden the product portfolio and capture new, exciting business opportunities in the future,” said Peter.
About LAMBRECHT meteo GmbH
LAMBRECHT meteo originated from the traditional Wilh-Lambrecht GmbH, which started as a precision mechanics workshop in 1859. The company develops and manufactures world-class meteorological sensors and measurement solutions for wind, precipitation, pressure, temperature, and humidity serving various classical meteorological and highly specific environmental and industrial end-markets. The company is headquartered in Göttingen, Germany. For more information, visit www.lambrecht.net.
About Advanced Environmental Monitoring Holdings
Advanced Environmental Monitoring Holdings (“AE Monitoring”) was formed by Union Park Capital in 2018 to create a family of companies focused on monitoring of critical environmental parameters, including meteorology, hydrology, air, and soil. Social demands for environmental responsibility continue to increase, leading to growing initiatives and regulations for the development of environmentally friendly industries, increased focus on disaster prevention and extreme weather (floods, hurricanes, droughts, thunderstorms, etc.), and advances in technology enabling real-time, more accurate monitoring in hazardous applications and environments. Visit www.aemonitoring.com for more information.
About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market industrial technology companies. Union Park takes a long-term perspective to help stakeholders build value over time and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA, and has extensive investments and expertise in the analytical instrumentation sector. For more information, visit www.union-park.com.