QuEST Global Services Pte. Ltd. has acquired EDF GmbH
Singapore-based QuEST Global Services Pte. Ltd., (QuEST) has acquired EDF GmbH from private shareholders.
QuEST Global Services is a diversified Product Development Solutions (PDS) company, employing over 4,200 professionals around the world, with delivery centers in the USA, Singapore, UK, Germany, Italy, Spain, France, Japan, Australia and India. QuEST helps clients to reduce product development costs, shorten lead times, extend capacity and maximize engineering resources availability by providing support across the complete product life cycle, from design and modeling through to analysis, prototyping, automation, data documentation, instrumentation and controls, embedded systems development, manufacturing support and vendor management.
Munich-based EDF GmbH is a leading engineering company offering a whole range of development services, from the initial concept to the production-ready product. Many vehicle components of renowned manufacturers such as BMW, Audi and Mercedes-Benz already bear the EDF signature, from body shells to mounted parts, including exterior and interior elements. Managing Director Gerhard Hauk and his management team will be staying with the company after the transaction and are committed to growing the business.
"M&A was new territory for us. M&A International Inc.’s German team not only set standards in availability and commitment, but also impressed us with their detailed expertise. Even during time-critical and complex negotiation situations, the team maintained an overview as well as provided detailed knowledge and consequently made a significant contribution to the successful completion of this transaction," said Ajit Prabhu, QuEST CEO and Chairman.
QuEST was referred to Oaklins' team in Germany by the team in Cleveland. The German team won the mandate, acting as exclusive advisor to QuEST in this transaction. Over 10 months, they helped QuEST to search the market for suitable successful and innovative German engineering service providers. EDF will support QuEST in their internationalization strategy and will offer synergies generated by their services portfolio.
Talk to the deal team
Related deals
VINCI Energies has acquired RH Marine and Bakker Sliedrecht
RH Marine and Bakker Sliedrecht have been acquired by VINCI Energies. With this transaction, VINCI Energies will gain market position in the Dutch maritime sector and strengthen its industrial portfolio.
Learn moreGroupe JVS has completed an LBO with Capza and Bpifrance
The shareholders of Groupe JVS have completed an LBO with Capza and BpiFrance. Parquest sold their shares after partnering with the organization for three years. Groupe JVS’s management team will increase its ownership and remain as the majority shareholder of the group, alongside CAPZA and Bpifrance.
Learn morePBV Investment Holding Europe-America, S.L. (IDP Group) has been sold to Bureau Veritas
Nazca Capital and the company founders have sold PBV Investment Holding Europe-America, S.L. (IDP Group) to Bureau Veritas. This strategic acquisition will allow Bureau Veritas to expand its leadership in building and infrastructure solutions and meet sustainability challenges through IDP’s digital portfolio assets.
Learn more