Deal Announcement 09/20: Industrial Products
PwC acted as exclusive financial advisor to the private shareholders on the sale of BSB & BWB, a provider of high-quality metal working services and leading manufacturer of pressure vessels and oil separators, to Klimmer
The Deal
The PwC M&A team is pleased to announce the successful sale of BSB Metallverformung GmbH + Co. Stanzwerk (“BSB”) and BWB Behälter-Werk Burgau GmbH + Co. KG (“BWB”) to Ernst Klimmer GmbH (“Klimmer”). PwC M&A acted as exclusive financial advisor to the private shareholders of BSB & BWB. In addition, the private shareholders were legally advised by PwC Legal.
The share purchase agreement was signed and closed in September 2020.
BSB & BWB
BSB provides high quality metal working services for clients in various end industries. The service portfolio comprises cutting, stamping, folding and bending to welding and coating. BWB is a leading manufacturer of pressure vessels and oil separators, predominantly for the European railway industry, where it supplies to all relevant OEMs and to railway operators in the aftermarket. The companies employ more than 350 people and are headquartered in Burgau, Germany.
Klimmer
Klimmer is a specialist for stamping and forming parts with up to 1,000 t of compressive force. The product portfolio comprises, amongst others, flanges and clamps for exhaust gas technology. Klimmer supplies mainly to customers in the automotive and electrical industry. The company is also headquartered in Burgau, Germany.
PwC
The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 280,000 people in 157 countries. Our global network comprises over 1,600 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.
PwC M&A Germany acted as exclusive financial advisor to the private shareholders on this transaction. The transaction team comprised Dr. Alexander von Friesen (Partner), Alexander Knögel (Director), Sebastian Teller (Senior Associate) and Manuel Nowotny (Associate).
The PwC Legal team comprised Lars Benger (Partner), Dr. Johannes Auf dem Kampe (Senior Manager) and Rebecca Lappeßen (Senior Associate).
