Funds advised by Bregal Unternehmerkapital agree to acquire majority stake in Laird Thermal Systems

Laird Thermal Systems (“LTS”), a hidden champion in the field of industrial specialist solutions for heat management, will be part of the portfolio of funds advised by Bregal Unternehmerkapital (“BU”). In late July, funds advised by BU agreed to acquire LTS – an investment through which the family-backed investor will enable the company to further grow through organic growth and acquisitions, and become even more effective at addressing the rising demand for sophisticated heat and temperature management system solutions. The transaction is subject to customary anti-trust and regulatory approvals.


LTS designs, develops and produces heat management solutions for a range of critical fields of application. The company originated as a subsidiary of the performance material specialist Laird Group and was formed between 2005 and 2013 through continued acquisitions. In late 2018, LTS became an independent business after Laird Group was acquired by Advent, and has since continuously expanded its market position. Between 2017 and 2020, it achieved annual revenue growth increases of approximately ten percent, both due to high demand as well as by winning several tenders. Today, the company employs a total staff of 460.


As the only company in its sector with a comprehensive product range of thermoelectric modules and assemblies, temperature regulators and liquid cooling systems, LTS uses advanced thermal modelling and management technologies, which allow for particularly demanding applications in its main client sectors of medicine and diagnostics as well as analytics, industry, transport and traffic, and consumer electronics and telecommunications. The company’s globally diversified client structure is also reflected in its own organization: while its CEO and top management are based in Berlin, it also has R&D as well as technology centers in Rosenheim (Germany), Göteborg (Sweden), Durham (USA) and Shenzhen (China). Its production sites are located in the Czech Republic and in China.


In the future, BU will support LTS during acquisitions and further expansion, both geographically and into new, neighboring market segments, and also drive the development and go-to-market of new product innovations.


We are looking forward to the partnership and resulting growth!