NEW - Press Release Syngroh - Benzinger

NEW - Press Release Syngroh - Benzinger


Syngroh Capital acquires majority stake in precision machine manufacturer Benzinger

  • Fourth investment by the investment firm of the Hansgrohe founding family
  • Operational management remains in the hands of the Jehle family
  • Partnership with the Klaus Grohe family ensures continuity and growth of the machine manufacturer, Jehle family sets the course for company succession

Frankfurt am Main/Schiltach/Pforzheim, 16 January 2024 –- Syngroh Capital GmbH (“Syngroh Capital”), the investment firm of the Klaus Grohe entrepreneurial family, today announced the acquisition of a majority stake in Carl Benzinger GmbH (“Benzinger”), based in Pforzheim, Germany, from the Jehle family. Benzinger is a leading manufacturer of high-precision lathes and milling machines for a variety of industries, including the watchmaking and jewellery industries. The Jehle family will retain a significant minority stake in Benzinger and will continue to manage the company operationally. The parties have agreed not to disclose the purchase price or any further details of the agreement.

Benzinger was founded in 1916. Since 1941, the Jehle family has been running the company, now in its fourth generation. Benzinger manufactures lathes and milling machines for high-precision, complex workpieces. The systems are used in a wide range of industries, including optics, precision mechanics, medical, dental, electrical and control technology, fluid and bearing technology, the automotive supply industry and aerospace. A particular focus is on the watch and jewellery industry, which can look back on a living history of more than 250 years in the city of Pforzheim. Benzinger supplies both local companies and world-famous luxury brands in the sector. Its main customers are located in the DACH region – particularly in Switzerland - and the USA. With around 150 employees, Benzinger has established a leading market position, especially when it comes to precision in the micrometre range.

The particular strength of Benzinger CNC machines is rooted in both the company and product structure: Benzinger offers everything from a single source – from engineering and building or setting up the machine tools for customer-specific workpieces to after-sales service. The machines are customised and further developed to exactly meet the customer’s requirements, including programming. The company deliberately relies on Germany as a production location, where it has been developing and manufacturing all quality-defining components for more than 100 years. A modular concept based on a construction kit makes it possible to configure the optimal lathes from a wide range of variants. Depending on the machining task, the machine series can be supplemented with manufacturing and/or automation technology or an individual manufacturing strategy can be developed.

With Syngroh Capital, Benzinger has now gained a long-term entrepreneurial partner. The investment company of the Klaus Grohe family stands for a unique combination of sound financial expertise, long-term perspectives, and entrepreneurial experience, which the family members have acquired in various tasks and functions in the management and development of the globally successful sanitary company Hansgrohe SE. At Benzinger, they will contribute this experience and knowledge as active shareholders to support the company in its continued successful development and to realise further growth potential.

Richard Grohe, Managing Director of Syngroh Capital, said: “Values grow where the future builds on heritage. The Klaus Grohe family has many things in common with the Jehle family and Benzinger, above all long-term thinking, enthusiasm for quality and innovation in product development and manufacturing and our geographical roots. Both families share a passion for products with form and function: Hansgrohe and Axor fittings are design gems with additional benefits, just as watches are. These are all ideal foundations for a successful joint future for two families with 240 years of combined entrepreneurial culture.”

Rainer Jehle, Managing Director of Benzinger, said: “Tradition, precision and values are the guiding principles of this transaction. It has always been important to our family to lead Benzinger with an intergenerational view. With Syngroh Capital, we have found an investor who will support Benzinger in its further growth. At the same time, the long-term partnership creates a perspective for the company’s generational succession. In the Grohe family, we have also gained partners at eye level who not only have relevant industrial experience, but above all share our values and culture as entrepreneurs. Tradition and precision play an equally important role in both families.”

Robert Clausen, Managing Director of Syngroh Capital’s advisory company, said: “The transaction proves that Syngroh Capital has developed a profile in the investment market which particularly appeals to family and owner-managed companies in highly attractive niche markets. Many entrepreneurs interested in a partnership approach us because they are looking for more than just an investor. The positive market resonance is a great honour and proof to us that we are on the right track with our approach.”

About Syngroh Capital

Syngroh Capital is a family investment company that pools the direct investment activities of the Klaus Grohe family. In their previous careers, the family members themselves have successfully mastered a wide range of entrepreneurial challenges and want to apply this wealth of experience in a value-oriented manner to other investments as well. Syngroh Capital invests in medium-sized companies with convincing product and service ideas that are headquartered in German-speaking countries and have an enterprise value of between 10 and 200 million euros. The focus is on succession solutions, the support of change and internationalization processes as well as spin-offs of non-core business activities. In line with the family’s entrepreneurial DNA, the entrepreneurial idea, a value-based course of action and a long-term approach to growth are key in the investment decisions of Syngroh Capital. 
For more information:

 About Benzinger

Carl Benzinger GmbH is a leading manufacturer of high-precision CNC lathes and CNC milling machines based in Pforzheim, Germany. The globally operating mechanical engineering company offers a product range for the watch and jewellery industry, optics, precision mechanics, medical, dental, electrical and control technology, fluid and bearing technology, automotive supply industry, as well as aerospace. The particular strength of Benzinger CNC machines is rooted both in the company and product structure. Benzinger offers everything from a single source – from engineering and building or setting up the machine tools for customer-specific workpieces to after-sales service.

For more information:

Press Contact:

Charles Barker Corporate Communications

Jan P. Sefrin, Dr. Tobias Anslinger

Tel. +49 69 79 40 90-26 / -41


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