Deal Announcement 9/22: Industrial Products

The Deal

The PwC M&A team is pleased to announce to have advised the shareholders of Komet Austria GmbH and its subsidiaries (“Komet Irrigation” or the “Company”) on entering a growth partnership with Trill Impact. Since Komet’s founding in 1952, the second-generation family business has made its mark on resource-efficient agriculture as a global supplier of irrigation components. The company manufactures high-quality sprinklers, regulators, and big volume guns in its state-of-the-art production facility in Austria. Komet’s innovative product portfolio focuses on increased water efficiency, reduced energy consumption, and ultimately crop yield increases, thereby addressing global challenges like water scarcity, a growing population, and an increased need for food security.

Together with Arno, Hugo and Viktor Drechsel and Komet’s experienced and highly motivated workforce, Trill Impact plans to further expand the international sales footprint to enter new markets and to continuously invest in innovation to introduce new solutions to the irrigation market. Arno, Viktor, and Hugo Drechsel will continue to guide the development of the company.

PwC M&A has run a structured, well-prepared, and highly competitive process with a timeline of only 7 weeks from the start of due diligence to signing of the definitive agreement, maintaining high momentum at all times.

The agreement was signed in July 2022 and consummated in August 2022.

Komet Irrigation

Komet Irrigation is an Austria-based family business that manufactures irrigation components (sprinklers, regulators, and big volume guns) for pivot and hose reel irrigation systems. Komet’s products are known for their superior performance – uniform water distribution, water drop size consistency, low energy consumption, and strong reliability – ultimately increasing crop yield. The company has established a global sales and marketing footprint and supplies components to OEMs, dealers and farmers in key agricultural markets globally, thereby contributing to more sustainable agriculture.

Trill Impact

Trill Impact is an Impact House with more than EUR 1 billion in assets under management across its investment strategies. With a team of more than 30 experienced professionals based in Sweden and Germany, Trill Impact aims to become a force for positive change and realize its vision of delivering real returns and lasting impact for the benefit of investors, businesses, and society at large.

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 the shareholders of Komet Irrigation. The process was led by Alexander Knögel (Partner) and Alexander von Friesen (Partner) and supported by David Schaibasjan (Manager) and Max Werner (Associate). 

The process was supported by a wide range of PwC Legal and Tax teams, advising on multiple aspects surrounding the transaction including SPA and corporate legal matters, led by Ivo Dreckmann (Partner), Verena Riemer (Senior Manager), Danielle von Hegel (Senior Manager) and Stephan Söbbeke (Senior Associate), IP matters, led by Tobias von Tucher (Partner), Lukas Lundbeck (Senior Manager) and Dinor Kadrijaj (Senior Associate) and tax matters, led by Johann Missal (Director) and Marc-Aurel Hillebrand (Senior Manager).