# PHI Industrial acquires German aluminium structures maker ALJO

Spanish private equity firm PHI Industrial has acquired ALJO, a German manufacturer of complex aluminium structures for aerospace, space, automotive, and naval industries. The deal is the first investment from PHI Fund IV, targeting €150 million, and represents under 10% of the fund's planned size.

- Type: Acquisition
- Announced: 2026-09-04
- Where: Berne, Wesermarsch, Germany
- Status: completed
- Products: technically complex aluminium structures
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Phi Industrial](https://endata.com/companies/57718.md) (acquirer)
- [ALJO](https://endata.com/companies/93866.md) (target)
- [Jonuscheit Holding GmbH](https://endata.com/companies/93990.md) (target)
- [ALJO GmbH & Co. KG](https://endata.com/companies/93991.md) (target)
- [ALJO Green Energy GmbH](https://endata.com/companies/93992.md) (target)

## Sources

- [dealroom.co](https://dealroom.co/news/148877-phi-opens-150m-fourth-fund-with-acquisition-of-german-aluminium-maker-al/), 2026-09-04: "The deal marks the first investment from PHI Fund IV, a new vehicle targeting €150 million at final close, and lets the Jonuscheit family exit the business it has owned."
- [boersennews.de](https://www.boersennews.de/nachrichten/artikel/dpa-afx/ots-enomyc-enomyc-schliesst-uebernahme-des-leichtbau-spezialisten-aljo-durch/5270226/), 2026-09-09: "Die Beteiligungsgesellschaft PHI Industrial hat sämtliche Anteile an der Jonuscheit Holding GmbH übernommen."
- [niedersachsen-aktuell.com](https://niedersachsen-aktuell.com/enomyc-schliesst-uebernahme-des-leichtbau-spezialisten-aljo-durch-phi-industrial-erfolgreich-ab/), 2026-09-10: "Der Verkauf ist weit mehr als eine klassische Nachfolgelösung."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.