Industrial Technology,Business & Technology Services
Formel D is a leading global service provider to the automotive and component supply industry, offering quality assurance and process optimisation along the entire value chain - from development to production through to aftersales.
The company offers a wide range of testing and inspection services for individual parts, systems and vehicles to major OEMs and suppliers. Formel D was founded in 1993 and has over 9,000 employees at 80 facilities in 22 countries worldwide.
"I very much look forward to shaping the future of the Formel D Group in partnership with 3i and CITIC Capital. As a leading service provider in the Automotive industry, Formel D has developed strongly in recent years, offering future-oriented growth potential on an international level. We feel the combination of 3i and CITIC Capital is an exceptional one to further drive the next phase of our growth.” Thomas Klukas, CEO, Formel D
This transaction involved a recommendation of 3i Investments plc, advised by 3i Germany.