Powerway Group Co., Ltd. has acquired Berkenhoff GmbH from Nexpert AG
Powerway Group Co., Ltd. has acquired Berkenhoff GmbH from Nexpert AG, a private equity firm. Financial details have not been disclosed.
Powerway Group is a leading global supplier of non-ferrous alloys, covering six business units: non-ferrous metal alloy; cutting wire and fine alloy wire; precision parts processing and manufacturing; kitchen and bathroom appliance; photovoltaic solar products; and mining.
Berkenhoff GmbH is a leading manufacturer of spark erosion wires, brazing and welding wires, and electronic and special wires. With its umbrella brand bedra, the company offers complete production services from a single source: casting, rolling, drawing, annealing and electroplating.
With offices in Hamburg, Dusseldorf and Munich, Nexpert AG specializes in the operative and financial restructuring of industrial enterprises.
Oaklins' team in Germany acted as financial advisor to the buyer in this transaction.
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