Munich, December 02, 2019 – The industrial holding company ADCURAM Group AG has acquired a majority stake in the STEINEL Group, an international supplier of sensors, sensor lights, hot air devices and industrial components headquartered in Herzebrock-Clarholz, Westphalia. The seller is the family entrepreneur Ingo Steinel, who will continue to be associated with the Group through a significant shareholding as well as in his capacity as Managing Director. The common goal is to invest in the implementation of the growth strategy: the further expansion of the trend area of building intelligence and an even stronger internationalization. The transaction, the details of which have been agreed to remain confidential, was completed at the end of November 2019.
STEINEL, founded in 1959 by Heinrich Steinel, has developed over the years from an original producer of heating elements in electrical appliances into one of the leading suppliers of presence, motion and multi-sensors, sensor lights as well as hot air and hot glue guns. For some years now, the Group has been experiencing particular growth as a result of the increasing automation of buildings. Sensors from STEINEL are world leaders in intelligent lighting control and make a significant contribution to reducing energy consumption. The latest systems in the field of “building intelligence” are intelligent solutions for efficient use of office space, hotel rooms and also for support in care. Areas, on which the new partner ADCURAM also wants to focus:
“Not only the development of the motion detector and the world’s first sensor light are impressive milestones from STEINEL. As a technology and innovation leader, the company is excellently positioned and has the best prerequisites for further growth, especially in the field of Building Intelligence. We are very much looking forward to a long-term cooperation in a highly attractive market,” explains ADCURAM board member Dr. Philipp Gusinde. Ingo Steinel adds: “Continuing the success of STEINEL is very close to my heart. I am very happy to have found in ADCURAM a partner who thinks both entrepreneurially and innovatively and who has a lot of experience in supporting medium-sized companies in the building-related segment. Together we will initiate the next growth steps.”
Over the course of Steinel’s corporate history, more than 300 patents and designs have been registered, resulting in more than 2,500 products for private and professional users as well as for industry and OEM manufacturers. Numerous applications and solutions have been pioneering in their respective industries. In addition to its headquarters, STEINEL’s 1,500 employees work at five other sites in Leipzig, Einsiedeln (Switzerland), the Czech Republic, Romania and the Republic of Moldova. Sales in Europe and the USA are made via wholesalers and retailers as well as to planners, architects and installers.