CADM Holdings Ltd. has announced it has agreed to acquire a majority stake in Poland-based engineering and design office CADM Automotive Sp. z o.o., providing engineering and design services to aeronautics, automotive and railway manufacturers, the company said.
CADM Holdings Ltd., a subsidiary of Abris CEE Mid-Market Fund III LP managed by Abris Capital Partners Ltd.
CADM Automotive is the sixth investment made by Abris as part of the EUR 500m raised in the fall of 2017 from international investors for its third fund to support and develop interesting business projects in Poland and Central and Eastern Europe.
CADM Automotive specializes in the development of individual components as well as entire modules and systems. The company also prepares designs for the railway sector and is entering the marine and medical segments.