NGI A/S takes over Momentum Technologies

Previous shareholders have sold their shares in the mechanical engineering start-up. The buyer from Denmark now wants to expand its product range.

The venture fund of the Aachen-based S-UBG Group has sold its shares in Momentum Technologies together with the other shareholders. Momentum is a young mechanical engineering company from Hückelhoven in North Rhine-Westphalia. The company develops, manufactures and sells so-called drum motors, which are used in conveyor technology in the food industry, for example.

NGI A/S from Denmark has made the move. With this investment, the leading supplier of hygienic components such as leveling feet, bearing housings and rollers aims to tap into further market potential. NGI intends to use Momentum's drum motors to expand its product range of so-called food-safe conveyor components.

"It was a great pleasure for us to accompany Momentum on this successful path to technology leadership," says Bernhard Kugel, CEO of S-UBG AG. "The early-stage financing, which we provided together with several network partners, enabled the development of innovative and particularly energy-efficient motors and prepared the company for the next growth steps."

S-UBG's investment lasted almost eight years. During this time, Momentum succeeded in entering the market. Momentum was founded in 2014 and supplies drum motors and driven rollers to the food industry, logistics and other sectors.