ASSAG has been acquired by AVTEC Limited
The private shareholder of ASSAG, a leading designer and seller of crown gear technology, has sold the company to AVTEC Limited. Financial details have not been disclosed.
ASSAG specializes in crown gear technology and has been developing innovative gearing solutions for many different applications for over 20 years.
AVTEC Limited, a powertrain major from India, is part of the diversified multi-billion dollar CK Birla Group, headquartered in New Delhi, India. The know-how of AVTEC combined with ASSAG's capabilities complement each other and will create substantial synergies for both companies.
The owner of ASSAG considered AVTEC as a potential strong strategic partner and mandated Oaklins' team in Switzerland to advise on the negotiations. Our team prepared and lead an extensive due diligence process with the advisors to AVTEC, conducted the negotiations and assisted in the preparation of the closing of the transaction.
Talk to the deal team
Related deals
Energy Solutions UK Ltd. has acquired Oceanic Systems (UK) Ltd.
Energy Solutions UK Ltd., a marine electrical systems supplier, has completed the acquisition of marine monitoring and control systems manufacturer, Oceanic Systems (UK) Ltd. The acquisition is designed to expand Energy Solutions’ marine technology offerings, particularly supporting their growth in marine hybrid propulsion systems.
Learn moreVerder Group has acquired Sauermann
The Verder Group has acquired Sauermann from private shareholders, including CEO Serge Bohyn and the French private equity groups IXO Private Equity and Credit Mutuel Equity.
Learn moreCarguru and OX Drive merger set to transform Latvia’s carsharing industry
The electric carsharing startup OX Drive has merged with Carguru, a leading carsharing platform in Latvia. As part of the deal, Eleving Vehicle Finance joined Carguru’s shareholders alongside its founders and earlier investors.
Learn more