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BASE Group firms Sicam, Werther request creditor arrangement

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Sicam

Tyre servicing equipment manufacturers Sicam and Werther International have requested an arrangement with creditors. The two associated companies are part of the Beissbarth Automotive Service Equipment (BASE) Group, controlled by Bavarian company Stargate Capital. The group also includes the UK’s Tecalemit, in addition to Beissbarth, Apac Lube, Accu-Turn, Oma, Tecnotest and Fog Automotive. Werther and Sicam are based in Italy

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Bosch selling Beissbarth, Sicam businesses

German equity investment company Stargate Capital GmbH has entered into an agreement to purchase the Beissbarth GmbH and Sicam Srl subsidiaries from Robert Bosch GmbH. The purchase price has not been disclosed, and the deal’s finalisation is subject to approval from antitrust authorities.

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