RCP's platform STEELCO.TECH with strong growth in 2023 and positive outlook for 2024, eyes add-on acquisitions

Munich (Germany), 30 January 2024

In 2023 RCP launched STEELCO.TECH, a buy-and-build platform for metal processing companies. In addition to OEKA TECH, an RCP portfolio company since 2016, STEELCO.TECH acquired Steel Automotive in a corporate carve-out transaction and TEMETIC from private shareholders. STEELCO.TECH capitalizes on transformational and consolidation pressure in the automotive/metal processing sector as well as RCP’s extensive experience and strong relationships with OEMs and Tier1s.

STEELCO.TECH operates on sites in Bamberg, Grossbottwar and Wilnsdorf. The group is a one-stop-shop for development, engineering, prototyping, tooling and serial production of high-precision metal parts and components. Its product offering serves customers in the automotive and non-automotive industry. The group companies generated revenues of more than EUR 70m in 2023. STEELCO.TECH is set to accelerate organic growth in 2024 and also intends to grow via add-on acquisitions. For further information on STEELCO.TECH and its group companies please visit steelco.tech.

About RCP

RCP is an independent and internationally operating private equity firm. RCP invests across industries in Europe. RCP’s investment focus is on special situations and transformational environments, in particular corporate carve-outs. RCP actively engages in developing and transforming businesses, inter alia via performance improvements as well as buy-and-build strategies.

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