# Syngroh Capital acquires majority stake in Novopress Holding

Syngroh Capital GmbH, the investment company of the Klaus Grohe family, acquired a majority stake in Novopress Holding GmbH, a manufacturer of electromechanical pressing tools. The transaction was announced on August 7, 2019.

- Type: Acquisition
- Announced: 2019-08-07
- Where: Germany
- Status: completed
- Products: electromechanical pressing tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Syngroh Capital](https://endata.com/companies/41197.md) (acquirer)
- [Novopress Holding](https://endata.com/companies/41198.md) (target)

## Sources

- [si-shk.de](https://www.si-shk.de/syngroh-capital-beteiligt-sich-mehrheitlich-an-novopress-65309/), 2019-08-07: "Syngroh Capital GmbH hat sich mehrheitlich an der Novopress Holding GmbH, einem führenden Hersteller von elektromechanischen Presswerkzeugen, beteiligt."

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