Czech metalworking company Ponec purchased by the new investment group Thein

Prague, July 8th 2020 – The first acquisition made by Thein investment group is the Czech metalworking company Ponec, which focuses on precise metal machining and its further processing. The purchase of a100% share is Thein’s first investment on the Czech market. The investment goal is to further develop a company with more than twenty-year-long tradition, which has a leading position in custom and prototype production with high added value.

The metalworking company Ponec has more than twenty-year-long tradition in chip machining, weldment production and custom assembly sets. The company focuses on precise production with near-zero scrap for hi-tech clientele in rail, automotive and aviation industry.

“Ponec is a great fit for our investment strategy on the Czech market. We are searching for the results of work of skilled Czech people and their outstanding know-how, which competes with the most advanced companies worldwide. We want to help such companies with further development and keep them in Czech hands at the same time,” says about the first deal the Thein investment group CEO Jana Moravová.

“We appreciate, that the sale of the company was agreed on with people with such vast business experience, who at the same time ensure to keep the legacy of our company Ponec intact. Carrying on the high quality and the continuation of the top-notch production under the Ponec banner is essential for us.That’s the main reason that the negotiations with Thein group were successful” adds to the acquisition Radim Ponec of Ponec company.

About Thein

Thein is an investment group owned by a technological expert and investor Tomáš Budník, which specialises in technological companies in the Czech Republic and Slovakia operating in ICT, cyber security and industry 4.0. It wants to connect interesting projects with exceptional results in its portfolio, and provide them with business and infrastructure expertise. Thein’s main philosophy is looking for new synergy amongst the individual projects and keeping the Czech know-how in Czech hands. The Thein group was established in April 2020.

About Ponec s.r.o.

Ponec specialises in custom and prototype production with high added value. It supplies products of the highest quality with near-zero scrap. Small- and medium-series production is focused on rail, automotive and aviationindustry. Ponec supports research, development and production of prototypes.

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E-mail: ondrej.tengler@rubikonpr.cz

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