CrossLink GmbH & Oerlikon Friction Systems GmbH
In Oerlkin, CrossLink finds the ideal buyer to bring its proprietary battery thermal technology into automotive industrial series production.
CrossLink, a leading manufacturer of composite components, launched a new business unit in 2018 for the development of composite-based thermal solutions in lithium-ion batteries for electric vehicles. In a very short time, projects were won and solutions for temperature control and protection of battery systems were developed to series production readiness. In order to be able to leverage the series production potential, a strategic investor with experience in large-scale production for the automotive industry was sought. In Oerlikon, the ideal partner was found: in addition to its in-depth automotive and industrialization know-how, Oerlikon contributes existing close and long-standing business relationships with relevant customers.
Atares* advised CrossLink during the entire M&A process. The services included the preparation of marketing materials, the approach of potential investors including management presentations as well as the support during due diligence and negotiation of the transaction.
About CrossLink
CrossLink is a leading manufacturer of composite components with a focus on the medical technology, mechanical engineering, automotive and anti-ballistics sectors. The range of services extends from prototypes to small and medium series. The company stands out from the competition with its very high precision and reliability.
About Oerlikon
Oerlikon Friction Systems is a subsidiary of OC Oerlikon Corporation AG and an international developer and manufacturer of innovative transmission synchronizers, high-performance carbon friction linings and transmission components.
About atares
Atares is the digital M&A boutique for technology-driven midcap companies in Germany and sees itself as a pioneer for the digitalization of the M&A industry. Founded in 2001, atares has advised more than 200 transactions in more than 20 years. The focus is on transaction volumes between EUR 10 and 100 million of mostly owner-managed companies. Since November 2023, the company formerly known as Proventis Partners, Munich, has been operating under the new company name atares GmbH. Atares has long-standing personal contacts with corporate and Private Equity investors and M&A advisors in Europe, North and South America and Asia. Highly specialized expertise for the market, empathy for people and passion make atares a sought-after M&A partner for the tech champions of tomorrow. More than 20 employees at atares in Munich and Düsseldorf manage their projects via the in-house developed digital M&A dealfloor (dealfloor.co) – for value-adding, efficient transactions with the best user experience.
Team
*At the time of the transaction, atares traded under the name Proventis Partners GmbH Muenchen
