We advised PALFINGER
PALFINGER AG, Salzburg, Austria
Since many years PALFINGER has been one of the world’s leading manufacturers of hydraulic lifting, loading, and handling systems and generated total sales of approximately EUR 935 million in 2012.The concern possesses production- and assembly bases in Europe, Nord- and South of America as well as in Asia. Innovations, ongoing Internationalization and Diversification of products and services build the pillars of the company strategy.
Palfinger Systems GmbH, Salzburg, Austria
PALFINGER System focuses exclusively on the development and manufacture of innovative technology and specialized solutions for access and performing repair and maintenance work on ships and oil rigs, including interior and exterior cleaning, rust and paint removal, recoating, inspection and repairs. In mid November 2013, it obtained a major contract for a volume around of €10 million from a Singapore company.
PALFINGER AG acquires 85% of Palfinger Systems, for a symbolic purchase price of EUR 1. The company has a alinear dividend distribution valid until 2025. The highly innovative solutions need global production capacity and service structures to utilize the global potential, which PALFINGER AG can provide. This acquisition further confirms the commitment of PALFINGER AG to expand the marine solutions business unit PALFINGER Systems started in 2010.
Transaction / Task
Hübner Schlösser & Cie (HSCie) advised PALFINGER AG in the entire process of the transaction.
Transaction Value: disclosed
Industry: Maschinen- und Anlagenbau
Business Field: Mergers & Acquisitions