European private equity firm, Cinven, announces that it has reached an agreement to acquire CeramTec from Rockwood Holdings, Inc. for a total consideration of €1.49bn.
CeramTec is a leading global manufacturer of high performance ceramics for application in medical, automotive, industrial, and electronic end-markets. The company’s proprietary product portfolio includes hip joint prostheses components, including the Biolox brand; high speed cutting tools; and ballistic ceramics for armour.
In 2012, the Company generated revenues of €425m. Its main operations are located in Plochingen, Germany and CeramTec employs more than 3,000 people across 18 facilities worldwide.
