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MOBILITY

In recent years, a combined sector has developed from industries that were previously considered relatively independent of each other: Mobility.
Consisting of the many different means of transportation (from automobile to airplane) and keeping in mind the modern-day bicycle and other, now electrified, means of transportation, this industry is certainly subject to comprehensive change.

Selected Sub-sector:
> Automotive Testing
> Automotive Supplier
> E-Mobility
> Automotive Engineering Services
> Aerospace

As a result of ever-increasing individual mobility, greater comfort and increased environmental awareness, the industry is under great pressure to innovate. Under these circumstances, many companies are no longer able to make the necessary investments completely independently and are looking to form strategic partnerships. This is where M&A plays an important role.

Aquin has many years of experience in the automotive, aerospace and e-mobility industries and has successfully supported transactions in these sectors in recent years. Additionally, Aquin has a deep understanding of processes, business models and unique selling points in this technology-driven industry. Furthermore, our Senior Advisors Kirstin Hegner and Dr. Joachim Volland, contribute their expertise and broad network to help secure successful projects.

SENIOR ADVISOR

Mathias Bode - Senior Advisor Aquin
Mathias Bode
Automotive Testing & E-Mobility
AQUIN Link  Vita
Kristin Hegner - Senior Advisor Aquin
Kristin Hegner
Automotive
AQUIN Link  Vita
Dr. Joachim Volland - Senior Advisor Aquin
Dr. Joachim Volland
Bicycles & E-Mobility
AQUIN Link  Vita
Mathias Bode - Senior Advisor Aquin
Mathias Bode
Automotive Testing & E-Mobility
AQUIN Link  Vita
Kristin Hegner - Senior Advisor Aquin
Kristin Hegner
Automotive
AQUIN Link  Vita
Dr. Joachim Volland - Senior Advisor Aquin
Dr. Joachim Volland
Bicycles & E-Mobility
AQUIN Link  Vita

SELECTED REFERENCES

Key Terms

>   Effective June 29, 2020 a Singapore based investor consortium acquired 95 percent equity in Kümpers Composites GmbH & Co. KG.
>   Aquin was engaged by the shareholders of Kümpers Composites as the sole M&A advisor.

Strategic Logic

>   The acquisition has allowed the investors to secure the technological know-how, along with the perfected product quality from a leading manufacturer of reinforced carbon-fiber structural components.
>   Through the investment consortium, Kümpers Composites has gained access to the promising Asian composite and lightweight construction market. A production facility in Taicang, near Shanghai (China) is already under construction.
>   The managing director and co-owner Franz-Jürgen Kümpers has continued to manage the company post acquisition.
Logo_Kuempers_Foto

Kümpers Composites

>   Kümpers Composites GmbH & Co. KG, headquartered in Salzbergen-Holsterfeld (Germany), specializes in high-tech materials made out of carbon-, glass- and aramid fibers.
>   The company relies on its proven, perfected technology along with a fully automated, robot driven production, to deliver high-strength composite solutions to the automobile, aviation and wind power industries.

The Investment Group

> The investment consortium, based in Singapore, wishes to remain anonymous.

Key Terms

>   With effect from July 19, 2019, the German SACS Boysen Aerospace Group sells the Boysen distribution business, one of the leading distributors of high-quality fastening solutions for the aerospace industry, to the Swiss listed company Bossard Group.
>   Aquin acted as exclusive M&A advisor to Oliver Dratius and Achim Mayenberger, the owners of the SACS Boysen Aerospace Group.

Strategic Logic

>   With the sale of the Boysen distribution business, the SACS Boysen Aerospace Group is placing its strategic focus on the expansion of the vertical integration and further growth of their development and production company SACS.
>   With this major acquisition, the Bossard Group can further strengthen its distribution expertise in the aerospace industry. It is also in line with Bossard’s profitability-oriented growth strategy.
Logo_BOYSEN_Foto

Boysen

>   The distribution company Boysen, founded in 1967 and headquartered in Munich, has a superior reputation for fastening solutions for the aerospace industry and generates an annual turnover of approx. 26 million EUR. The main sales market is Europe.
>   Boysen provides screws, nuts, washers, inserts and other fastening products mainly for OEMs, Tier 1 and 2 as well as Airline MRO business.
>   The company employs 54 people and has further locations in Hamburg and Irving (Texas), USA.

Bossard

>   The Bossard Group, headquartered in Zug (Switzerland) and listed on the SIX Swiss Exchange, is an internationally active trading and logistics company. It is among the market leaders in fastening technology in Europe, the Americas and Asia-Pacific. The product portfolio includes the full range of high-quality fastening products such as screws, nuts, bolts, washers and pins.
>   With 2,500 employees in 77 locations worldwide, the global network of companies generates sales of approximately CHF 870 million.

Key Terms

>   With effect from September 28, 2018, HORIBA Automotive Test Systems acquired FuelCon AG, one of the leading global suppliers of test and diagnostic systems for fuel cells and batteries.
>   Aquin acted as the exclusive M&A advisor to the founders and managing partners of FuelCon, Dr. Ingo Benecke and Mathias Bode.

Strategic Logic

>   With the sale, FuelCon gains access to HORIBA`s strong global network and is able to meet the growing customer demand for increasingly complex test requirements for the E-Mobility sector.
>   Together with HORIBA, FuelCon will achieve its strategic goal to significantly grow internationally (especially in Asia and in the US) much faster. The intention is to develop FuelCon as the worldwide central competence center for fuel cell and battery testing within the Group
Logo_FUELCON_Foto

FuelCon

>   The company FuelCon AG, founded in 2001, is a leading manufacturer and supplier of end-of-line and turnkey test bench systems for the E-Mobility sector, with strong expertise in battery and fuel cell applications.
>   FuelCon has an enviable reputation for design and assembly of precision high performance solutions and is trusted for its deep technical know-how by global OEMs, including among others BMW and Volkswagen, tier 1s as well as international research laboratories.
>   FuelCon is headquartered in Magdeburg-Barleben (Germany) and achieves an annual turnover of 14 million euros in 2018.

HORIBA

>   HORIBA Automotive Test System (part of HORIBA Group) is a leading supplier in the fields of engine, driveline, brake and emissions test systems for all industries using electric motors, internal combustion engines and turbines. These include the automotive, heavy-duty, off-road, consumer goods, marine, aerospace and locomotive sectors.
>   HORIBA Group, listed on the Tokyo Stock Exchange with annual revenues of 1.5 billion euros in 2017, is a global leading supplier of measurement technology and systems for various fields from automotive testing, process and environmental monitoring, in-vitro medical diagnostics, semiconductor manufacturing and metrology to scientific R&D and QC measurements.

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.
Logo_SHW_Foto

SHW AG

>   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.

Lust Hybrid-Technik GmbH

>   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.

Key Terms

>   In April 2017, Intertek Group Plc, a Total Quality Assurance provider to a range of industries worldwide, acquired KJ Tech Services GmbH, a leading provider of vehicle road testing services.
>   Aquin acted as the exclusive M&A advisor to the owners of KJ Tech, Dr. K. Christian Schödel and Dr. Ulrich J. Schödel.

Strategic Logic

>   KJ Tech’s on-road testing solutions fully complement Intertek`s capabilities and expertise in providing laboratory-based services to the automotive industry. Intertek is now uniquely positioned to provide a Total Quality Assurance service offering to its automotive clients globally.
>   In becoming part of Intertek Group, KJ Tech benefits from Intertek`s worldwide presence to better meet the demands of its customers.
Logo_KJ_Foto

KJ Tech

>   The KJ Tech portfolio includes full vehicle road fleet testing, data accumulation and analytical assessment for components, systems, lubricant and engine testing, test method development and industry benchmarking.
>   Headquartered in Griesheim (Germany), with approximately 100 employees, KJ Tech Services has been providing on-road vehicle, component, lubricant and fuel testing services to the automotive industry for more than 27 years.

Intertek

>   Intertek Group Plc is a leading provider of Total Quality Assurance to a wide range of industries with a global network of more than 1,000 laboratories and offices, employing over 42,000 people in more than 100 countries.
>   Intertek delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for its customers’ operations and supply chains.

Key Terms

>   Effective June 29, 2020 a Singapore based investor consortium acquired 95 percent equity in Kümpers Composites GmbH & Co. KG.
>   Aquin was engaged by the shareholders of Kümpers Composites as the sole M&A advisor.

Strategic Logic

>   The acquisition has allowed the investors to secure the technological know-how, along with the perfected product quality from a leading manufacturer of reinforced carbon-fiber structural components.
>   Through the investment consortium, Kümpers Composites has gained access to the promising Asian composite and lightweight construction market. A production facility in Taicang, near Shanghai (China) is already under construction.
>   The managing director and co-owner Franz-Jürgen Kümpers has continued to manage the company post acquisition.
Logo_Kuempers_Foto

Kümpers Composites

>   Kümpers Composites GmbH & Co. KG, headquartered in Salzbergen-Holsterfeld (Germany), specializes in high-tech materials made out of carbon-, glass- and aramid fibers.
>   The company relies on its proven, perfected technology along with a fully automated, robot driven production, to deliver high-strength composite solutions to the automobile, aviation and wind power industries.

The Investment Group

> The investment consortium, based in Singapore, wishes to remain anonymous.

Key Terms

>   With effect from July 19, 2019, the German SACS Boysen Aerospace Group sells the Boysen distribution business, one of the leading distributors of high-quality fastening solutions for the aerospace industry, to the Swiss listed company Bossard Group.
>   Aquin acted as exclusive M&A advisor to Oliver Dratius and Achim Mayenberger, the owners of the SACS Boysen Aerospace Group.

Strategic Logic

>   With the sale of the Boysen distribution business, the SACS Boysen Aerospace Group is placing its strategic focus on the expansion of the vertical integration and further growth of their development and production company SACS.
>   With this major acquisition, the Bossard Group can further strengthen its distribution expertise in the aerospace industry. It is also in line with Bossard’s profitability-oriented growth strategy.
Logo_BOYSEN_Foto

Boysen

>   The distribution company Boysen, founded in 1967 and headquartered in Munich, has a superior reputation for fastening solutions for the aerospace industry and generates an annual turnover of approx. 26 million EUR. The main sales market is Europe.
>   Boysen provides screws, nuts, washers, inserts and other fastening products mainly for OEMs, Tier 1 and 2 as well as Airline MRO business.
>   The company employs 54 people and has further locations in Hamburg and Irving (Texas), USA.

Bossard

>   The Bossard Group, headquartered in Zug (Switzerland) and listed on the SIX Swiss Exchange, is an internationally active trading and logistics company. It is among the market leaders in fastening technology in Europe, the Americas and Asia-Pacific. The product portfolio includes the full range of high-quality fastening products such as screws, nuts, bolts, washers and pins.
>   With 2,500 employees in 77 locations worldwide, the global network of companies generates sales of approximately CHF 870 million.

Key Terms

>   With effect from September 28, 2018, HORIBA Automotive Test Systems acquired FuelCon AG, one of the leading global suppliers of test and diagnostic systems for fuel cells and batteries.
>   Aquin acted as the exclusive M&A advisor to the founders and managing partners of FuelCon, Dr. Ingo Benecke and Mathias Bode.

Strategic Logic

>   With the sale, FuelCon gains access to HORIBA`s strong global network and is able to meet the growing customer demand for increasingly complex test requirements for the E-Mobility sector.
>   Together with HORIBA, FuelCon will achieve its strategic goal to significantly grow internationally (especially in Asia and in the US) much faster. The intention is to develop FuelCon as the worldwide central competence center for fuel cell and battery testing within the Group
Logo_FUELCON_Foto

FuelCon

>   The company FuelCon AG, founded in 2001, is a leading manufacturer and supplier of end-of-line and turnkey test bench systems for the E-Mobility sector, with strong expertise in battery and fuel cell applications.
>   FuelCon has an enviable reputation for design and assembly of precision high performance solutions and is trusted for its deep technical know-how by global OEMs, including among others BMW and Volkswagen, tier 1s as well as international research laboratories.
>   FuelCon is headquartered in Magdeburg-Barleben (Germany) and achieves an annual turnover of 14 million euros in 2018.

HORIBA

>   HORIBA Automotive Test System (part of HORIBA Group) is a leading supplier in the fields of engine, driveline, brake and emissions test systems for all industries using electric motors, internal combustion engines and turbines. These include the automotive, heavy-duty, off-road, consumer goods, marine, aerospace and locomotive sectors.
>   HORIBA Group, listed on the Tokyo Stock Exchange with annual revenues of 1.5 billion euros in 2017, is a global leading supplier of measurement technology and systems for various fields from automotive testing, process and environmental monitoring, in-vitro medical diagnostics, semiconductor manufacturing and metrology to scientific R&D and QC measurements.

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.
Logo_SHW_Foto

SHW AG

>   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.

Lust Hybrid-Technik GmbH

>   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.

Key Terms

>   In April 2017, Intertek Group Plc, a Total Quality Assurance provider to a range of industries worldwide, acquired KJ Tech Services GmbH, a leading provider of vehicle road testing services.
>   Aquin acted as the exclusive M&A advisor to the owners of KJ Tech, Dr. K. Christian Schödel and Dr. Ulrich J. Schödel.

Strategic Logic

>   KJ Tech’s on-road testing solutions fully complement Intertek`s capabilities and expertise in providing laboratory-based services to the automotive industry. Intertek is now uniquely positioned to provide a Total Quality Assurance service offering to its automotive clients globally.
>   In becoming part of Intertek Group, KJ Tech benefits from Intertek`s worldwide presence to better meet the demands of its customers.
Logo_KJ_Foto

KJ Tech

>   The KJ Tech portfolio includes full vehicle road fleet testing, data accumulation and analytical assessment for components, systems, lubricant and engine testing, test method development and industry benchmarking.
>   Headquartered in Griesheim (Germany), with approximately 100 employees, KJ Tech Services has been providing on-road vehicle, component, lubricant and fuel testing services to the automotive industry for more than 27 years.

Intertek

>   Intertek Group Plc is a leading provider of Total Quality Assurance to a wide range of industries with a global network of more than 1,000 laboratories and offices, employing over 42,000 people in more than 100 countries.
>   Intertek delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for its customers’ operations and supply chains.

CONTACT

AQUIN - Dr. Jürgen Kuttruff
Jürgen Kuttruff
Vorstand
AQUIN Link  e-mail contact
AQUIN Link  Vita
Thomas Grauvogl - Aquin
Thomas Grauvogl
Managing Director
AQUIN Link  e-mail contact
AQUIN Link  Vita
Bennet Former - Aquin
Bennet Former
Associate
AQUIN Link  e-mail contact
AQUIN Link  Vita
Jürgen Kuttruff - Aquin
Jürgen Kuttruff
Vorstand
AQUIN Link  e-mail contact
AQUIN Link  Vita
Thomas Grauvogl - Aquin
Thomas Grauvogl
Managing Director
AQUIN Link  e-mail contact
AQUIN Link  Vita
Bennet Former - Aquin
Bennet Former
Associate
AQUIN Link  e-mail contact
AQUIN Link  Vita