Riverside bolts on German engineering business

Riverside Company, a US buyout firm with offices in Europe, has supported German portfolio company Advanced Information Systems Group’s purchase of AICAT CA Technologies Consulting, a German digital engineering business. AICAT will be added to the IndustrieHansa Engineering and Consulting division of AIS Group, which was acquired by Riverside in December 2006.

IndustrieHansa is a technology-oriented engineering service and consulting provider to the automotive and aerospace industries in Germany, offering training and engineering solutions to Ford and its tier-one suppliers.

Riverside, which has offices in Amsterdam, Brussels, Budapest, Madrid, Munich, Prague, Stockholm and Warsaw, has been active in Europe since 1990 and has previously invested in Danish manufacturer Welltec, Budapest-based haematology equipment manufacturer Diatron and, in March this year, UK medical devices business Summit Medical, a £36m purchase from Graphite Capital.