In September, a binding buy settlement for the takeover of 100% of the shares of Voith – Werke Ing. A. Fritz Voith GmbH & Co.KG in Traun by Eurocrane got here into drive. Eurocrane and Voith-Werke signed an fairness buy settlement whereby Eurocrane provided an approximate EUR49 million (USD57 million) for Voith-Werke, by way of its Austrian unit Eurocrane Austria Holding.

Ing. Voith has been concerned within the building of modern industrial cranes for 70 years. The Austrian firm is likely one of the most profitable producers of particular cranes in Europe. The Voith cranes are fully developed, designed, deliberate and manufactured by the approx. 170 workers on the plant in Traun – on the mechanical in addition to the electrotechnical facet.

The Managing Administrators Andreas Lackner and Ing. Hubert Strasser will proceed to information the fortunes of the corporate. Mr. Lackner stated, as reported on Deal Advisors: “This opens up nice alternatives for Voith to broaden its worldwide actions into extra markets.”

Following approval by the authorities, the transaction is anticipated to shut within the fourth quarter of 2018.

Aquin & Cie. was an unique M&A adviser to the sellers. LeitnerLeitner was liable for the monetary and tax recommendation. The authorized help was offered by Haslinger / Nagele.

Eurocrane was suggested on the client facet by ACS Consulting and LinkChina Capital. Within the area of finance and taxes, BDO supported Müller legally.

 

 

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