Aquin Advises:
On The Sale To:
| > | Taking effect as of September 12, 2018, Eurocrane has signed a binding share purchase agreement to acquire 100 percent of the shares of industrial cranes builder Voith-Werke Ing. A. Fritz Voith GmbH & Co. KG, Traun, Austria. After obtaining regulatory approvals by the relevant authorities, the transaction has been successfully closed on December 10, 2018. |
| > | Aquin acted as the exclusive M&A advisor for the sellers. |
| > | With the entry of Eurocrane the owners of Voith arrange for their succession. |
| > | Voith shall not only remain as a trademark, but function as a premium brand for the whole Eurocrane group. Common structures such as sales and service in new international markets shall be developed in joint activity. Furthermore, the companies can benefit from each other`s R&D activities. |
| > | »The company will continue to operate on its own to the greatest possible extent. The successful philosophy of the current management shall be combined with the additional business opportunities arising.«, substantiate Eurocrane owners Irene Jin and Tony Tao. |
Voith
| > | Ing. Voith has been active in the construction of innovative industrial cranes for 70 years and has established itself as one of the most successful producers of special crane systems in Europe. |
| > | Voith cranes are entirely designed, developed, planned and produced by around 170 employees in the plant in Traun – from the mechanical as well as the electrical engineering side. |
Eurocrane
| > | Eurocrane was founded in 2002 by the entrepreneurial couple Irene Jin and Tony Tao. |
| > | Since then, the company has developed itself to be one of the most significant producers of high-quality cranes and lifting equipment in Asia, employing more than 800 people. |
| > | Being listed on the Shanghai Stock Exchange now, enjoying a market capitalization of 250 million euros, a majority share of Eurocrane still remains in the hands of the founders. |