A global investment firm has been brought on by the German specialist in protective gear for sports and work to accelerate its growth strategy.
Germany-based Uvex Group announced that growth-focused private equity firm Warburg Pincus will acquire a majority stake in the company. The founding families Winter and Grau will retain a significant minority interest and continue to actively support the company’s development.
“100 years of the ‘protecting people’ brand promise is a commitment,” said Michael Winter, managing partner and CEO of Uvex. “As a responsible family-owned company in its fourth generation, we want to shape the next phase of our corporate development with a strong growth partner in order to further increase the resilience of our group in the future and remain the first choice for our customers. With Warburg Pincus, we gain a strong growth partner to help strengthen our resilience and remain the first choice for our customers.”
Focus on international growth and innovation
Founded in 1926 by Philipp M. Winter as ”Optische-Industrie-Anstalt“ (”Optical Industry Institute”), Uvex specializes in high-quality protective equipment for the workplace, sports and leisure. Its portfolio includes eyewear, helmets, gloves and other personal protective equipment (PPE), and the brand is known for its premium quality, comfort and design. Uvex also manufactures many of its products in Germany and Europe, maintaining strict safety and quality standards.
With Warburg Pincus as a strategic investor, Uvex plans to accelerate its international expansion, broaden its premium product offering and enter new business segments. Future growth will also be supported through targeted acquisitions.
Read the full article at our sister website The Outdoor Industry Compass.
