E.GRUPPE, a Gimv portfolio company and leading provider of electrical engineering solutions for clients in the industrial and energy sector, is expanding its product and service offering as well as regional presence through the acquisition of LET Gruppe.
E.GRUPPE was founded in 2021 with the aim of building a leading electrical engineering company focused on energy and automation technology across the entire electrical engineering value chain: from consulting and planning, through engineering, production and installation, to service and maintenance of customer-specific systems.
With more than 50 years of market experience, LET Gruppe – comprising LET Lüddecke, LET Services, ESV Erfurter Schaltschrankbau and IMB Energy Systems – brings complementary expertise to E.GRUPPE’s portfolio through capabilities in uninterruptible power supply systems. The transaction further strengthens existing core competencies in switchgear assembly, distribution systems, and automation technology. Following the acquisition, E.GRUPPE will have 365 employees across 10 locations, establishing a strong presence in central and southern Germany. The aim is to offer clients a comprehensive and future-oriented range of electrical engineering systems tailored to their specific needs.
The management team of LET Gruppe comments on the growth opportunities within E.GRUPPE: “The merger with E.GRUPPE marks an important step for us in continuing our growth trajectory and providing our clients with even more comprehensive products and services. LET stands for technological excellence and uncompromising reliability in complex systems for our clients. As part of a strong group, we gain new opportunities to expand our regional presence, further develop our services, and unlock new potential. At the same time, we are creating a stable, forward-looking environment with long-term prospects for our employees.”
Maja Markovic, Partner at Gimv’s Sustainable Cities platform in the DACH region, adds: “The acquisition of LET Gruppe, an experienced specialist in electrical engineering solutions, creates a leading provider of customised electrical engineering offerings in a growing and attractive market shaped by rising demands due to electrification, digitalisation, and the expansion of renewable energy. Together with the management and employees, we are continuing the growth journey of E.GRUPPE by pooling expertise and offering a comprehensive, future-proof solutions portfolio along the entire electrical engineering value chain.”
The transaction is subject to the usual conditions, including approval by the competition authorities. Further financial details will not be disclosed.
