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Year: 2008
Transaction value: Not published
Industry: Industrial products
Business field: Mergers & Acquisitions
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HSCie Customer
Palfinger AG, Salzburg, Austria
For years already, Palfinger has been amongst the leading manufacturers of hydraulic lifting, loading and handling systems.
www.palfinger.com
Companies involved
WUMAG, Krefeld, Germany
WUMAG manufactures and distributes a broad range of aerial working platforms from 17 to 100 meters. With a staff of 225 employees the ELEVANT unit of WUMAG achieved revenues of EUR 44.0 million in 2007.
www.mbb.de
Transaction
This acquisition means a further outstanding step of the growth strategy for the PALFINGER AG. The products of WUMAG complete the portfolio of PALFINGER, and this acquisition makes PALFINGER even stronger in Germany
Task
HSCie advised PALFINGER AG in the entire take over process, including due diligence examinations and conducting the negotiations with the vendors.
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