CeramTec (X)
CeramTec (X)
- Region: Europe
- Sector: Healthcare
- Investment Year: 2018
- Transaction Value: €2,555m
Realised
In March 2018, BCEC X acquired Ceramtec.
Ceramtec is the global leading provider of high-performance ceramics (“HPC”) solutions, with 20 production sites and 3,500 FTEs in 11 countries. With a well-diversified product portfolio of >20,000 SKUs the company is active in two segments:
Medical - Ceramic components for joint implants
Industrial - Highly specialised, mission critical HPC solutions
Investment Thesis
- Strong, secular growth trends: Long-term macro drivers across segments: ageing population, obesity, more active lifestyle, growing demand for lightweight materials, energy efficiency. Attractive orthopaedics industry benefitting from double market lift: more hip surgeries performed globally combined with faster annual penetration of ceramics. Growing industrial end markets: electric vehicles, e-cigarettes, electronics, jet engines, light materials.
- Market-leadership: Sustainable market leadership in ceramic implants cemented by long-term OEM relationships, operational excellence, unmatched scale and high barriers to entry.
- Technological leadership: Technology leadership and continued innovation with highly customised solutions drive profitable industrial growth with a diversified blue-chip global customer base.
- Strong financial profile, World-Class Management Team and potential additional upsides
Team Involved
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