aws Mittelstandsfonds invests in System Industrie Electronic

Technology investment fund "aws Mittelstandsfonds"  secures 11 per cent of shares of the Austrian medtech company S.I.E.

Initially established as a trading company for electronic components, S.I.E is currently situated among the leading providers of embedded computing solutions for the medtech industry. The company sees itself as a full-service provider realizing individual product ideas on behalf of well-known producers of medical devices covering the entire design and manufacturing process. Today, S.I.E’s sophisticated hardware and software solutions can already be found in numerous medical devices for imaging, diagnosis, eye and dental care, in laboratory instruments, in microscopy and in Point of Care. Examples of classic applications of these medical developments are doctor’s ordinations, laboratories and clinics.

“The support of aws Mittelstandsfonds allows us to drive forward our expansion strategy adopted in the last years and to strengthen our position as a service provider in the Med-Tech industry,” says Udo Filzmaier, company founder and chairman of System Industrie Electronic Holding AG. “The advancement and expansion of our product range, the highest quality of customer service and the internationalization of the business model remain our highest priority. We are pleased to be able to develop the company further, together with aws Mittelstandsfonds”, explained Mr. Jürgen Duelli, managing director of S.I.E.

Modular system, customer focus and innovative capability as main USPs

Over the last years, S.I.E has developed a proprietary modular system. The use of individual components from the portfolio, enables the meeting of complex customer demands and provides them with multiple benefits, such as the reduction of the development time and the time-to-market, lower development costs and planning security. Furthermore, S.I.E focuses on tailor-made solutions for clients from the medtech and security technology industry. The company’s specialists work together with engineers of their customers in order to develop the products, from concept development to serial production. The life cycle management of products constitutes a further asset of S.I.E greatly appreciated by customers.

Strong market position and steady growth

“The strong growth of the embedded computing market and the market of S.I.E’s customers allow for a positive view into the future. The know-how of the employees as well as the proven innovation and competitiveness of the company enhance the reputation of S.I.E as the hidden champion of the Austrian medtech industry. We as aws Mittelstandsfonds are thus convinced of this investment and plan to continue to support the company in the future”, underlines Mag. Karl Lankmayr, managing director of aws Mittelstandsfonds.

About System Industrie Electronic GmbH

System Industrie Electronic GmbH was established in Lustenau, Austria in 1994. The company has specialized in the development of medical technology products, and its modular system and tailor-made solutions allow for the development and production of complex systems. The firm consisting of over 100 employees is headquartered in Lustenau, Austria.

About aws Mittelstandsfonds

Aws Mittelstandsfonds is an entrepreneurial holding company based in Vienna, Austria. We enter financial participations in the course of growth projects of medium-sized companies, offer follow-on investments for high-growth firms, or function as co-investors in medium-sized acquisitions or company successions. The aim of aws Mittelstandsfonds is to offer optimum support for companies in their sustainable growth and to accompany its implementation on an equal footing.

SIE Holding Strategic Investment in Tagor Electronic, Serbia

TAGOR Electronic doo of Nis, Serbia, has received a strategic investment from System Industrie Electronic Holding AG (SIE Holding). Together, the partners intend to continue the success story Tagor and accelerate the company’s growth. The company will keep its core focus while investing in its capabilities to further increase the value it adds for its existing and future customers.

Udo Filzmaier, CEO of SIE Holding explains, “TAGOR is the leading privately owned provider of electronics components distribution and printed circuit board assembly (PCBA) in Serbia and is currently focusing on the Balkans as its core market.”

Goran Joanovic, Co-Founder and General Manager of TAGOR ads, “We are excited to take this next evolutionary step of Tagor together with SIE Holding. Together we see a large market demand for our services and will be expanding deeper into the European markets.”

The company’s location in Nis, Serbia offers unique benefits, ranging from a highly competitive labor force to the ability of custom-tariff free exporting into the EU, Russia and Turkey, due to free trade agreements with these three markets.

SIE Holding, founded in 1994, is an Austrian holding company that owns, manages and develops several entities in the electronics markets focusing medical, security and industrial customers in Europe, the USA and Asia.

TAGOR Electronic doo was established in 1996 and focuses on Electronic Manufacturing Services (EMS), specifically Printed Circuit Board Assembly (PCBA) as well as Electronic Components Distribution. Tagor currently employs more then 80 people. For more information visit

SIE Computing Solutions, Inc.: Completion of transaction between System Industrie Electronic Holding AG and RFE Investment Partners

New Canaan (CT), Lustenau (Austria) — August, 2014

SIE Computing Solutions, Inc., a leading provider of specialized rugged electronic systems for mission-critical and performance-critical embedded computing platforms deployed in harsh environments has been acquired by RFE Investment Partners.

With an almost 40-year legacy of providing enclosures, backplanes, system integration and custom solutions for VME, VPX, CompactPCI, xTCA, small form factors and more, SIE Computing Solutions, Inc., solutions are developed with a board-agnostic approach to match the precise specifications and supplier preferences of customers in the military, transportation, oil & gas exploration, medical, telecommunications and other industrial/emerging markets. ISO 9001/2008, ISO14001/2004 and AS9100 certified. SIE Computing Solutions, Inc., is based in Brockton, MA.

Through this divestment, System Industrie Electronic Holding AG strengthens its capabilities for investment and strategic development of its companies through organic and inorganic growth. CEO Udo Filzmaier: “We see great opportunities in strategically developing our European companies in the medical device technology and industrial markets. Re-Focusing on those ventures will allow us to push them forward much faster.”

About System Industrie Electronic Holding AG

System Industrie Electronic Holding AG manages a global family of companies that supply electronics solutions, components and services to leading industry for applications in the medical, government/security and industrial markets all over the world.

Originally founded in 1994 in Lustenau, Austria by Udo Filzmaier, System Industrie Electronic Holding AGs Companies have seen steady growth through highly specialized research and development dedicated to targeted deployment in new and emerging markets. The entire family of companies is dedicated to work based upon transparent quality assurance systems in accordance with ISO and other international industry-specific standards bodies.

About RFE Investment Partners

RFE Investment Partners (based in New Canaan, CT), founded in 1979, is a leading private equity firm that has consistently focused its investment activities on companies operating in the lower middle market. Currently investing from its eighth committed fund, RFE Investment Partners VIII, RFE seeks to partner with management teams of market leading manufacturing, business service and health care service companies. For more information, visit