Frimo Group GmbH
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Frimo Group GmbH - overview
Established
1962
Location
-, -, Germany
Primary Industry
Industrial Machinery
About
Frimo Group GmbH is a specialized company focused on the design and manufacture of advanced tooling and equipment for the plastics processing industry, serving a diverse client base across multiple sectors. Founded in 1962, Frimo Group GmbH operates in Germany and specializes in tooling for the plastics industry. The company has undergone significant changes in strategy over the years, including its acquisition by Deutsche Beteiligungs AG in August 2016, completed in October 2018. No information is available about other subsidiaries or founders.
Frimo Innovative Technologies specializes in designing and manufacturing cross-technology tooling and equipment primarily for the plastics processing industry. The company's core offerings include automation solutions, custom tooling, and equipment that facilitate efficient processing and production of plastic components. These services are tailored to meet a wide range of requirements, from simple to highly complex applications, catering to industries such as automotive, consumer goods, and industrial manufacturing. Frimo’s TechCenters allow customers to test various technologies and processes, ensuring that the end solutions effectively address specific production challenges.
Their products are marketed globally, with a strong presence in North America, Europe, and Asia, serving a diverse client base that includes manufacturers and developers in the plastic components sector. Frimo's revenue for the most recent year, 2021, was USD 172. 04 mn, with an EBITDA of USD -10. 31 mn.
The company generates revenue through a combination of direct sales and comprehensive service offerings within its operational framework, engaging in B2B transactions for custom tooling and automation solutions tailored to client needs. Frimo Group GmbH is focused on enhancing its product offerings and expanding into new global markets. The company is working on launching innovative automation solutions and custom tooling designed for emerging sectors, with plans to enter markets in Asia and North America by 2025. The recent acquisition in 2016 will facilitate these initiatives by providing the necessary capital and strategic direction to support product development and market entry.
Current Investors
Mutares, Deutsche Beteiligungs
Primary Industry
Industrial Machinery
Sub Industries
Consulting Services, Engineering, Industrial Machinery
Website
www.frimo.com
Verticals
Augmented Reality (AR), Manufacturing, Mobile Apps
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Frimo Group GmbH - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 133,138,980.3 | 134,749,332.5 | 154,287,672.7 | 155,937,514 | 156,059,357.1 | 206,720,726.2 | 211,177,000 | 236,071,000 | 200,966,000 | - | - | - |
| % Revenue Growth (YoY) | - | 1.2% | 14.5% | 1.1% | 0.1% | 32.5% | 2.2% | 11.8% | (14.9%) | - | - | - |
| EBITDA (USD) | 10,600,982.8 | 10,271,118.6 | 12,242,012.6 | 13,456,175.4 | 14,786,435.6 | 20,033,677.8 | 20,105,000 | 21,323,000 | (4,406,000) | - | - | - |
| Operating Income (USD) | 5,304,489.8 | 4,600,748.2 | 6,133,598.4 | 7,046,343.2 | 8,018,858.2 | 12,832,060.8 | 12,603,000 | 12,646,000 | (15,764,000) | - | - | - |
| Operating Margin | 4.0% | 3.4% | 4.0% | 4.5% | 5.1% | 6.2% | 6.0% | 5.4% | (7.8%) | - | - | - |
| % EBITDA Margin | 8.0% | 7.6% | 7.9% | 8.6% | 9.5% | 9.7% | 9.5% | 9.0% | (2.2%) | - | - | - |
| NET Income (USD) | 1,071,065 | 211,910.6 | 1,520,789.2 | (2,197,821.4) | 1,966,469.6 | 4,934,804.7 | 3,225,000 | 5,633,000 | (14,483,000) | - | - | - |
| % Net Margin | 0.8% | 0.2% | 1.0% | (1.4%) | 1.3% | 2.4% | 1.5% | 2.4% | (7.2%) | - | - | - |
Frimo Group GmbH - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Frimo Group GmbH | - | ||||||||
| Buyout | Completed | Frimo Group GmbH | - |
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