Kundo
Systems for measuring heat and water consumption in living spaces
Development into the European market leader through integration into the Qundis company. Consolidation of the German market and consistent internationalization
Duration of investment: 2007 - 2013
Sector: Electrical engineering
Employees:
At entry: 120
Most recently: 200 (consolidated with Qundis)
Sales volume:
At entry: €25 million
Most recently: €70 million (consolidated with Qundis)
Contribution CAPCELLENCE:
Integration into the competitor Qundis; originally a marginal business of Siemens AG, which was returned to independence by Capcellence as part of a carve-out; successful rebranding and joint market presence
R&D and product launches for new technologies such as radio-based solutions in submetering including own bus system, smart metering radio modules for gas, electricity and water meters as an integrated system, readout software
Process optimization
Internationalization: focus on Western and Eastern Europe, Russia and Turkey
Sale to an investor preferred by management (2013)
Dr. Frank Obergfell - Managing Partner of OTG AG and Kundo Systemtechnik GmbH. Later member of the QUNDIS advisory board.
"I chose CAPCELLENCE because I had confidence. Spyros Chaveles was sitting in front of me and said: "As long as CAPCELLENCE is a shareholder, this site will be in St. Georgen". And I couldn't help but believe him. And rightly so, as it turned out afterwards."