Sale of HUBMEISTER to Zweiweg by Blumenbecker

Sector(s)
Industrials
Deal type
Sell your business
Date
June 2018
Countries involved
Germany

Client

Blumenbecker Technik GmbH decided to discontinue its non-core vehicle mounted aerial work platform business department called “HUBMEISTER”.

Deal

Capitalmind advised Blumenbecker Technik GmbH on the sale of its business department ”HUBMEISTER” to Zweiweg Verwaltung GmbH (part of the ZAGRO Group).

Parties

Lead team

  • Ferdinand Robert Schulhauser

    Ferdinand Robert Schulhauser

    Senior Advisor Germany

What we did

Capitalmind accompanied the M&A processes from the very beginning. Preparation of marketing documents (teaser and fact book), identification and approach of selected strategic buyers, Q&A, negotiations, input for LOI/SPA and coordination of all parties involved.

Capitalmind was by the clients side throughout this process. We were able to identify and motivate the right buyer and to keep this buyer in the process. Capitalmind was able to show the ZAGRO Group and its subsidiary Zweiweg the synergy potential of an acquisition of “HUBMEISTER”.

About the deal

Blumenbecker Technik GmbH decided to discontinue its non-core vehicle mounted aerial work platform business department called “HUBMEISTER”. “HUBMEISTER” offers a wide range of aerial work platforms and has strong relationships with especially municipal/public customers. The transaction object includes all brands and intellectual property of the HUBMEISTER business department in Bad Lauchstädt/Germany (asset deal) as well as the Italian subsidiary BT Italia Srl (share deal). The company’s “HUBMEISTER” brand, the intellectual property and the Italian subsidiary were sold to Germany-based road-rail vehicle manufacturer Zweiweg Verwaltung GmbH, which is part of the ZAGRO Group.