Lumen Holding Kft., a Hungarian investment company founded by private individuals, acquired Technocar-MC-2003 Kft., a Hungarian metalworking company. The transaction closed on January 16, 2025, and supports Lumen Holding’s strategy of growing and developing industrial companies.

Technocar covered almost the entire spectrum of metalworking, including CNC and conventional machining, TIG, MIG, laser, manual, and robotic welding, pressing and stamping, press braking, sheet metal and tube bending, flame cutting, grit and sand blasting, and wet painting. Production took place at three locations with more than 200 employees, manufacturing over 1,500 different, mainly high-precision products in small and medium production series. Nearly all revenue came from export sales to large multinational corporations, with relationships spanning decades.

Lumen Holding’s ownership group has acquired stakes in several industrial enterprises in recent years, with the aim of leveraging its expertise to further grow and develop them.

Concorde MB Partners – IMAP Hungary acted as exclusive financial advisor to the owner of Technocar-MC-2003 on the transaction.