Pava Partners advised Cathay Capital on the sale of the company shares in E. WINKEMANN GmbH (“E. WINKEMANN”) to Associated Spring. E. WINKEMANN is a leading European manufacturer of precision-stamped components, specializing in the automotive sector. The company is a trusted development partner and established series supplier for leading OEMs and Tier-1 suppliers, backed by over 80 years of experience in the automotive industry.

Associated Spring, a portfolio company of One Equity Partners, is a leading global manufacturer of highly-engineered springs and precision metal components, offering solutions under the brand names Associated Spring® and Hänggi™, with locations in the United States, Mexico, Brazil, Switzerland, and Singapore.

By consistently implementing its strategic goals, E. WINKEMANN has successfully transformed its business model from products for the combustion engine powertrain to products for the electric powertrain. The company now stands out for its profitability, which significantly exceeds the industry average.

Associated Spring and E. WINKEMANN are complementary companies. This will result in substantial growth opportunities for both organizations.

It is planned that E. WINKEMANN will take a leading role in Europe and Asia in the future Associated Spring organization.

The current management team, led by Markus Kloke, will remain with the company, thus bringing stability and know-how to the new organization.

Associated Spring and E. WINKEMANN both have their roots in family businesses. Associated Spring was founded in Bristol, Connecticut (USA) in 1857 and, like E. WINKEMANN, has successfully become a strong, reliable and innovative partner for its customers over many decades.

The transaction is still subject to the approval of the relevant authorities.

“With Associated Spring, we can continue our company’s success story in the long term; we will consistently address the multitude of synergy potentials,” says Markus Kloke, CEO of E. WINKEMANN. “We would like to sincerely thank the Pava Partners team for their excellent work. We have always received professional and knowledgeable advice from the Pava team throughout all phases of the process.”