JENSEN-GROUP Acquires a Majority Stake in MAXI-PRESS
JENSEN-GROUP recently announced the acquisition of 85% of the share capital of MAXI-PRESS Holding GmbH, Eichenzell, Germany, and its subsidiaries. This strategic move will help to develop JENSEN-GROUP’s offerings in consumables, spares and services, further solidifying its position in the global heavy-duty laundry market, according to a news release.
Under the agreement, MAXI-PRESS will continue to operate under the MAXI-PRESS brand, while Tim Zaiser, the managing director of MAXI-PRESS, will report directly to the JENSEN-GROUP executive management team.
MAXI-PRESS, renowned for its leading market share in press cushions as well as its unique range of consumables, will play a pivotal role in enhancing JENSEN-GROUP’s service business. The acquisition is aligned with JENSEN-GROUP’s long-term value-creation strategy, aiming to provide a comprehensive range of service propositions to laundries worldwide. For the fiscal year ending on Dec. 31, 2023, MAXI-PRESS reported consolidated revenues of 21.5 million euro and an EBITDA of 5.6 million euro.
“I am truly impressed by the company’s market position and growth trajectory, resulting from the MAXI-PRESS team efforts under the leadership of Mr. Zaiser in just 15 years, and I am looking forward to working together with Mr. Zaiser to further grow the business and take MAXI-PRESS to the next level,” said Jesper M. Jensen, CEO of JENSEN-GROUP.
Zaiser shared his enthusiasm about joining JENSEN-GROUP, a vision he has harbored for years. “I knew that one day they would reach out to me, and I am very proud that MAXI-PRESS becomes a member of the JENSEN-GROUP,” Zaiser said.