Christ & Heiri AG, a Swiss company specialising in the production of high-precision cogwheels, pinions and worm gears, is changing hands effective 7 October 2015. The company has been acquired by the previous management and an investor group represented by Verium, an independent multi-family office located in Zurich. The former owner family will continue to have a representative on the Board of Directors.
Christ & Heiri has extensive process expertise and uses highly automated state-of-the-art machinery. High-quality products, dependability and competitive pricing have enabled the company to operate successfully on the international market. Christ & Heiri primarily sells to the automotive industry, where the company’s geared components are mainly installed in electric motors (seat adjustment, door lock, windscreen adjustment, windscreen wipers, climate control, tailgates, sunroof, etc.). They are also used in medical technology, equipment engineering and in the watchmaking industry.
Christ & Heiri was established over 60 years ago and has been managed very successfully by Arno Heiri in the second generation. The sale of the company is part of Arno Heiri’s early succession plan. However, he will continue to serve the company as a member of the Board of Directors. In addition to Mr. Arno Heiri and Marc Erni, representing Verium, Dr. Rudolf Huber, Paul Häring and Peter Weigelt will also join the Board of Directors.
Olivier Brunner will take over the management after completion of the transaction. He has been with the company for the past six years. He is a member of the executive management and has been acting as Arno Heiri’s deputy for some time. Olivier Brunner will also acquire an interest in the company.
Arno Heiri: “I am confident that my company will be in good hands. With Verium we have found an owner with a long-term focus who will work toward the future effective growth of the company. In addition, in his new role as co-owner and CEO, Mr. Brunner’s extensive experience is a guarantee for a smooth transition of the operations.”
Marc Erni: “We are delighted to have gained the trust of Mr. Heiri and Mr. Brunner und we are convinced that together we will be able to successfully move the business forward. Christ & Heiri is an exceptional company. In spite of the strong Swiss currency and an export share of approximately 70% it continues to thrive on the global market.”
Marc Erni, Chairman of the Board Christ & Heiri AG, Head of Private Equity Verium AG, +41 44 269 60 90
Arno Heiri, CEO and Member of the Board of Directors
Olivier Brunner, COO and future CEO