Paderborn/Stuttgart, February 5, 2021 –

Süd Beteiligungen GmbH (SüdBG), Stuttgart, is acquiring shares in Fischer Panda GmbH, Paderborn, to support its further growth. The existing shareholders Dr. Hans-Joachim Herbermann, Stephan Backes, and Dr. Bernd-Siegfried Bagusat will remain involved in the future.

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Founded in 1977, Fischer Panda GmbH is the world's leading premium manufacturer of mobile power generators, hybrid and electric drive systems, and complete mobile energy supply systems. Its system solutions are primarily used in yachts, boats, and specialty vehicles and are known worldwide for their innovative, reliable, compact, and extremely quiet properties. With approximately 130 employees, the company generated sales of approximately €34 million in 2020.
Further information is available online at www.fischerpanda.de

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Together with SüdBG, the vision "Power for the future" will be implemented by expanding the leading position in Europe, America and Asia and through pioneering electromobility solutions.
Dr. Hans-Joachim Herbermann and Stephan Backes, both long-standing managing partners, explain: "With SüdBG, we have gained a long-term, financially strong equity partner that specializes in the sustainable positioning of companies and will support our future growth. Together, we have agreed on a collaboration that will maintain proven structures and ensure continuity in corporate management."

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Gunter Max, Managing Director, and Alexandros Kozas, member of the SüdBG management team, add: "Through consistent customer focus based on a premium product and a dense sales and service network, Fischer Panda has achieved an excellent market position. We look forward to successfully implementing the further growth strategy in partnership with the Fischer Panda team."

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Süd Beteiligungen GmbH (SüdBG) is a wholly owned subsidiary of Landesbank Baden-Württemberg (LBBW) and has been supporting medium-sized companies with customized equity and equity-related solutions in the context of succession planning, growth financing and shareholder changes for more than 40 years.

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Further information is available online at www.suedbg.de

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The partners have agreed to keep the details of the transaction confidential.

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