Reference project in the special purpose machinery sector
WINTERGERST accompanies the sale of Salzgitter Maschinenbau to AEQUITA
Salzgitter Maschinenbau AG and its subsidiaries specialize in the manufacture of (military) special-purpose machinery for attractive niche markets. PEINER SMAG Lifting Technologies GmbH is one of the world’s leading manufacturers of grabs and other load-handling equipment for the handling of all types of bulk materials, as well as special-purpose lifting equipment. NORDMEYER SMAG Mining & Drilling Technologies GmbH (NSMD) develops and manufactures drilling rigs at its Braunschweig facility for mineral exploration, water exploration, geothermal energy, and soil investigation. In addition, the company develops all types of special-purpose vehicles. SMAG Mobile Antenna Masts GmbH is the only provider in Europe of guy-free, mobile antenna masts up to a height of 40 m. They are used around the world in disaster relief operations, military activities, and for radio and television broadcasts.
International Sell-Side M&A/Succession
EUR > 100 million
2023
Special purpose machinery
Baseline
Salzgitter Maschinenbau AG and its subsidiaries specialize in the manufacture of (military) special-purpose machinery for attractive niche markets. PEINER SMAG Lifting Technologies GmbH is one of the world’s leading manufacturers of grabs and other load-handling equipment for the handling of all types of bulk materials, as well as special-purpose lifting equipment. NORDMEYER SMAG Mining & Drilling Technologies GmbH (NSMD) develops and manufactures drilling rigs at its Braunschweig facility for mineral exploration, water exploration, geothermal energy, and soil investigation. In addition, the company develops all types of special-purpose vehicles. SMAG Mobile Antenna Masts GmbH is the only provider in Europe of guy-free, mobile antenna masts up to a height of 40 m. They are used around the world in disaster relief operations, military activities, and for radio and television broadcasts.
Challenge
Wintergerst’s role was to support Salzgitter Maschinenbau AG in the sale of all its operating subsidiaries through an extremely complex transaction process, leveraging its industry expertise in mechanical and plant engineering. Particular emphasis was placed on the subsidiaries in India and China, which account for a significant portion of the company’s value creation and, consequently, its enterprise value.
Solution
Working closely with its Asian network partner CIGP, Wintergerst was able to find a sustainable solution for all three business divisions through the successful international bidding process with AEQUITA.