Metabo

Metabo, headquartered in Nürtingen (Germany), is a leading manufacturer of hand-held power tools for professional users. The company offers a wide range of portable and semi-stationary power tools and has sales in 120 countries across the globe. Key customers are specialist retailers, industrial customers, as well as to a lesser extent DIY stores. Metabo is clearly perceived as a premium quality professional brand with a particular edge through a highly competitive range of cordless power tools.

Value creation

Chequers became the majority shareholder of Metabo in 2012 alongside the management team and incumbent family shareholders through a capital increase, following a period of restructuring. Chequers supported the management team in implementing their repositioning plan, which comprised focusing on professional users only, revitalizing the product portfolio and accelerating development of a competitive range of cordless products. As a result of the successful implementation of this strategy, Metabo was able to generate substantial interest from strategic players in the industry. Metabo was sold to its Japanese competitor Hitachi Koki in 2016.

Investment year
2012
Turnover at acquisition
€300-400m
Type of operation
Turnaround
Business sector
Asset light Industrials
Country
Germany