Gimv Sells Majority Stake in ALT Technologies to CCL Industries

Gimv has announced the sale of its majority stake in ALT Technologies to CCL Industries. ALT Technologies, known for its production of die-cut, self-adhesive, and printed components, primarily serves the automotive industry. CCL Industries, recognized as the largest label company globally, is set to expand its capabilities with this acquisition. The deal awaits customary closing conditions, including regulatory approvals.

ALT Technologies, under Gimv's partnership, expanded its production facilities beyond Europe and Asia, now including a plant dedicated to the American market. This expansion solidified ALT's position as a global specialist in engineered labels and occupant-safety components. The recent acquisition by CCL is expected to offer ALT new growth opportunities within a larger organizational framework.

Gimv anticipates no material impact on its net asset value per share or liquidity upon the transaction's completion. However, specific financial details of the deal remain undisclosed.