Aquin Advises:
On The Acquisition Of:
Key Terms
| > | With effect of August 7, 2017, SHW Automotive GmbH, a member of the listed SHW-Group, acquired 100% of the shares of Lust Hybrid-Technik GmbH, a provider of electronic- and microsystem solutions. |
| > | Aquin acted as exclusive M&A-advisor to SHW AG. |
Strategic Logic
| > | »This is a forward-looking transaction for SHW«, says Dr. Frank Boshoff, CEO of SHW AG. With this acquisition SHW AG optimizes the degree of vertical integration in its electric pumps business and strengthens its competitive position in the field of electromobility. |
| > | Through the synergies resulting from the acquisition, Lust Hybrid-Technik GmbH will be capable of realizing existing growth potentials. |
| > | The enterprise was founded in 1365 making it one of the oldest industrial companies in Germany. |
| > | Today, SHW is one of the leading automobile suppliers. Renowned automobile manufacturers as well as manufacturers of utility vehicles, agricultural machinery and construction equipment along with other suppliers of the automotive industry are part of its customer base. |
| > | With two business segments, Pumps and Engine Components, as well as Brake Discs, SHW currently has four manufacturing sites in Germany. |
| > | With around 1,250 employees, the company generated group sales of more than 400 million euros in fiscal year 2016. |
| > | The range of services offered by Lust Hybrid-Technik GmbH, located in Hermsdorf (Germany), includes the entire contract production of electronic modules in the field of Electronics Design and Manufacturing Services – all the way from designing the components to process development and circuit board assembly to complex testing concepts and worldwide distribution. |
| > | Lust Hybrid-Technik has about 90 employees and generated consolidated sales of nearly 10 million euros in 2016. |