Quantum announces that a company of the Quantum Opportunity Fund II GmbH & Co. KG has acquired 100% of the shares in schoen + sandt machinery GmbH and its subsidiaries (together the "schoen + sandt Group") from CGS Management AG, a Switzerland-based investment company.

Headquartered in Pirmasens, Germany, the schoen + sandt Group is one of the leading globally active manufacturers of non-metallic punching machines. The company's product portfolio includes three product lines of punching machines and a business segment for automated special solutions. The company serves a renowned customer base from a variety of end markets, including the automotive, consumer goods, industrial, and construction industries. With an additional office in Beverly, USA, and a production site in Eger, Hungary, the schoen + sandt Group employs a total of approximately 160 employees.

Christian Holland-Moritz is appointed as the new CEO of the schoen + sandt Group, having previously led the successful turnaround of the Postcon Group (part of the Quantum Group until November 2021). Together with the existing management, Mr. Holland-Moritz will lead the company through the next phase of development.

About CGS Management AG: CGS is an independent, experienced investment company based in Pfäffikon, Switzerland. CGS specializes in building mid-sized companies from the industry into international corporations. Since 1999, the CGS funds have been investing in platform companies in the German-speaking region and making worldwide add-on acquisitions.