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
Mark Climate Technology has acquired Heber GmbH
Heber GmbH has been acquired by Mark Climate Technology, a specialist in climate control systems and a portfolio company of Bolster Investment Partners. This partnership strengthens the positions of both companies in the global market for innovative and sustainable climate solutions, as well as creating unique synergies. Mark Climate's expertise in standardized, scalable solutions is enhanced by Heber's emphasis on customer-specific customization.
Learn moreA majority share in WELP Group has been sold to IMC Individual Mobility Capital GmbH
The former private majority shareholder and long-time managing director of WELP Holding GmbH, Nina Welp, has sold the majority of her shares to IMC Individual Mobility Capital GmbH.
Learn moreMid Continent Controls, Inc. has been acquired by HEICO Corporation
HEICO Corporation (NYSE: HEI) has acquired Mid Continent Controls, Inc. (MC2). Following the acquisition, MC2 will maintain its established brand name while operating as part of HEICO’s Electronic Technologies Group. MC2 will report directly to Radiant Power Group, a complementary subsidiary of HEICO that provides electronic components for the commercial and private aircraft markets.
Learn more