GIF

Region: Germany
Sector: Business Services

Nature of business

Since its establishment in 1986, German based Gesellschaft für Industrieforschung mbH (“GIF”) has grown into a leading international specialist in transmission testing.  It is a significant development partner for the automotive original equipment manufacturers (“OEMs”) and, with its 120 test rigs, GIF is the world’s largest external transmission test rig operator.

It differentiates itself through testing knowledge, flexibility, technology and its asset base and offers a cost efficient alternative to in-house testing for automotive OEMs and transmission suppliers.

GIF has demonstrated solid growth since its founding, with its recent internationalisation delivering further growth. Over the last 10 years, sales have grown at a double-digit CAGR.

Investment Overview

We invested €77 million in GIF in October 2013, with the enterprise value of the transaction being approximately €100 million.

We will support GIF in building a global specialist for tests on transmissions, axles, and brakes for the automotive industry, offering automotive OEMs even more extensive options to outsource durability testing.  With our international network and extensive experience in the testing and inspection and automotive sectors, we will support management in further accelerating GIF’s growth in Europe, China and North America over the coming years.

Furthermore, through our Business Leaders Network, GIF’s board has been strengthened with the appointment of Gunter Hauptmann and Ad Verkuyten.

Regulatory notice: This transaction involved a recommendation of 3i Investments plc, advised by 3i Germany.

3i office contact

OpernTurm
Bockenheimer Landstraße 2-4
60306 Frankfurt am Main
Tel. +49 69 710000 0
Fax +49 69 710000 113

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