Deal Announcement 09/22: Industrial Products / Engineering & Construction

The Deal

The PwC M&A team is pleased to announce the successful sale of RAM SMAG Lifting Technologies Pte. Ltd. (“RAM Spreaders”) to Dymon Asia Private Equity (“DAPE”). RAM Spreaders is a leading manufacturer of high-performance spreaders for the global ship container handling equipment industry. In early 2015, NSL’s RAM spreaders business has been merged with the grab business of Salzgitter Maschinenbau AG under a joint venture arrangement through PEINER SMAG Lifting Technologies GmbH to form one of the world’s largest independent lifting device groups in both bulk cargo and container handling. After a strategic review and a portfolio reevaluation, Salzgitter Maschinenbau decided to focus on its core business units and sell its entire stake in the company.

The share purchase agreement was signed in July 2022 and closed in September 2022.

RAM SMAG Lifting Technologies Pte. Ltd. 

RAM Spreaders is a Singapore-based technology leader and manufacturer of high-performance spreaders for the global ship container handling equipment market. With its entrenched technological capabilities, the Company has built a market leading product portfolio including container spreaders, pipe handling spreaders and twistlock handling machines.

Salzgitter Maschinenbau AG

Salzgitter Maschinenbau is a global market leader in the manufacturing of lifting equipment for material handling, process technology and special purpose machines.

Dymon Asia Private Equity

DAPE is headquartered in Singapore and is focused on making private equity investments in Southeast Asia. Founded in 2012, DAPE comprises the Dymon Asia Private Equity (S.E. Asia) Fund, L.P., which has capital commitments of over SGD300 million, and Dymon Asia Private Equity (S.E. Asia) Fund II, L.P., which has capital commitments of USD450 million.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 295,000 people in 156 countries. Our global network comprises over 2,900 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 Salzgitter Maschinenbau AG on this transaction. The transaction was led by Martin Schwarzer (Partner) and Alexander Knögel (Partner) and supported by Eric Strauß (Manager) and Domenik Koch (Associate).

The deal team was supported along several steps of the transaction by the PwC Corporate Finance Singapore team led by Andrea Yuen (Partner), Nick Campion (Manager) and Sean Ho (Associate).