15.08.2014

NORD Holding sells CDA Holding to Strategic Investor OEM from the USA

NORD Holding sells CDA Holding to Strategic Investor OEM from the USA

NORD Holding Unternehmensbeteiligungsgesellschaft mbH in Hanover has sold its portfolio company CDA Holding GmbH, Suhl (Thuringia) to OEM Optical Experts Inc, Charlotte (United States / North Carolina). Financial details have not been disclosed.

CDA GmbH is one of the largest independent manufacturers of optical storage media in Europe and has in recent years evolved to become the leading European replicator of chip-based storage devices in the automotive sector.
In addition, the CDA has successfully established itself in the market as a manufacturer of components with micro structures;a still new market segment with significant potential, especially in the application of 3D sensors for gesture control.

With around 200 employees, CDA has generated a turnover of about € 35 million in the current financial year, meaning that sales have increased by over 40% since the beginning of NORD Holding's involvement.

Optical Experts Manufacturing Inc. (OEM), headquartered in Charlotte / USA - also a manufacturer of optical data storage "complements CDA well. OEM is placing its trust in the innovativeness of CDA at its location in Suhl.We can see great potential for CDA's innovative products in the US market," said Raymond Zerrusen, CEO of OEM.

"For NORD Holding the cooperation with the CDA management was extremely successful.We are pleased that the time is now right to deliver the company into new hands.With its new owner OEM, CDA will particularly benefit from further internationalisation," said Robert Pauli, a member of the NORD Holding management.

CDA directors Frank Hartwig and Dr. Nicolaus Hettler have until now been largely responsible for the current growth and will remain at the helm of the company with the new owner.

About NORD Holding: With its 45-year history NORD Holding is one of the leading private equity investors for the upper mid-sized companies. Their main activity is the structuring and financing of corporate succession models, the acquisition of parts of groups and subsidiaries, and the expansion and financing of SMEs. NORD Holding's investors are several North German savings banks, public insurance companies and pension funds as well as the North German Landesbank. Unlike most other financial investors, who only manage temporary funds, NORD Holding operates as a so-called "Evergreen Fund" without time limitation, investing from its own balance sheet. This gives the participating companies the opportunity to develop without external pressure and use their growth potential. The company is currently involved with more than 30 companies in Germany and other German-speaking countries.

Questions should be addressed to:
NORD Holding Unternehmensbeteiligungsgesellschaft mbH
Christiane Lukas
T +49 511 270415-14
F +49 511 270415-5
lukas@nordholding.de

Postal address:
Villa Venture
Walderseestraße 23
30177 Hannover
Deutschland
Info/visual material at:
www.nordholding.de

About CDA:
www.cda.de
T +49 3681 387-0
Frank Hartwig, Dr. Nikolaus Hettler

About OEM:
www.oemdisc.com
T +1 704-504-1877
Raymond Zerrusen

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