KLINGEL was established in 1986 and has become a leading DACH manufacturer of high-precision, complex machined parts made from high-grade types of steel and titanium.

Halder realigned the core competencies of Klingel to strategically focus on the Medical industry. The production know-how and material competence were complemented by investments in value-added services (e.g. prototyping, automatic cleaning and electro-polishing) creating a one-stop-shop solution for Medical customers. An extensive rebranding project resulting into a new company name, logo and website accompanied the new strategy. The Medical footprint was fostered by a Medical add-on acquisition acquiring founder-led company Josef Ganter.

In addition the organization was strengthened with the establishment of new functions like Finance, Marketing & Sales. Especially the know-how regarding quality control and regulatory affairs was increased to meet the requirements in light of the Medical Device Regulations.

During our holding period Medical sales doubled and Klingel become the market leading Medical CMO in Germany. In the middle of 2018 Klingel was sold IK Investment Partners.

Investment highlights

Organizational backbone

  • Strategic repositioning on Medical Industry
  • Implemented advisory Board
  • Established new organizational functions
  • Expansion of Value Chain
  • Upgraded Finance Systems

Topline growth

  • Strong organic growth with Medical customers
  • Medical add-on acquisition provided additional sales and customers


  • Doubled Medical sales
  • Created one-stop-shop solution provider
  • Became leading Medical CMO in Germany

The Investment Team

Christian Muschalik

Partner, Managing Director

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