PANAMA CITY, Fla. — Industrial laundry equipment manufacturer JENSEN-GROUP reports that it has acquired 85% of the share capital of MAXI-PRESS Holding GmbH, Germany, and its subsidiaries.
Terms of the deal were not disclosed.
Under the agreement, MAXI-PRESS will continue to operate under the well-established MAXI-PRESS brand. Tim Zaiser, managing director, will report directly to the JENSEN-GROUP executive management team.
MAXI-PRESS, known for its market share in press cushions and its unique range of consumables, will play a pivotal role in enhancing JENSEN-GROUP’s service business, according to the company.
“I am truly impressed by the company’s market position and growth trajectory, resulting from the MAXI-PRESS team efforts under the leadership of Mr. Zaiser in just 15 years and I am looking forward to working together with Mr. Zaiser to further grow the business and take MAXI-PRESS to the next level,” says Jesper M. Jensen, CEO of JENSEN-GROUP.
The acquisition is fully aligned with JENSEN-GROUP’s long-term value creation strategy, aiming to provide a comprehensive range of service propositions to laundries across the globe.
For the fiscal year ending Dec. 31, MAXI-PRESS reported consolidated revenues of 21.5 million euro and an EBITDA of 5.6 million euro.
“I knew that one day they would reach out to me, and I am very proud that MAXI-PRESS becomes a member of the JENSEN-GROUP,” says Zaiser.
Dr. Nicolas Himmelmann from the private equity firm AUCTUS Capital Partners AG, Germany, former majority owner of MAXI-PRESS, says, “We have seen how MAXI-PRESS has shown tremendous growth even during the COVID years and are happy to hand over a well-run company to a strategic buyer like JENSEN-GROUP.”
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