German-listed Mittelstand specialist Deutsche Beteiligungs has hired Harald Becker-Ehmck as an industrial partner, according to a statement from the firm.
Becker-Ehmck, who is set to join the first on 1 August, will help DBAG’s investment team in selecting, analysing and supporting portfolio companies.
Becker-Ehmck has more than 20 years of experience, including various roles at German automotive suppliers, including Behr, where he held several positions from 2004 to 2012 including managing director. Becker-Ehmck joins DBAG from woodworking machinery manufacturer Homag, where he was a member of the management board and in charge of production, development, procurement and investments.
“Mr Becker-Ehmck has many years of experience in the management of international industrial companies and production networks,” Torsten Grede, spokesman of the board of management at DBAG, said in the statement.
“Our new partner will assist us in identifying even more quickly the development potential inherent in target companies operating in mechanical and plant engineering, the automotive supplier industry and the production of industrial components. He will support our portfolio companies in optimising their operating processes.”
For the first half of its 2015/2016 financial year DBAG recorded net income of €32 million, exceeding the €27 million of the preceding full financial year, according to figures released last month. The firm said that despite “growing macroeconomic challenges”, revenues and earnings budgeted by most portfolio companies exceeded past year performance. As at 31 March 2016 net asset value per share was €23.51.