Network Corporate Finance advised RWE Solutions AG on the sale of their subsidiary RWE Piller GmbH to the British company Langley Holdings.
|Description:||Sale to financial investor|
In a share deal, RWE Solutions AG sold its 100% shareholding in RWE Piller GmbH, Osterode am Harz, Germany, to Claudius Peters Technologies GmbH, a subsidiary of Langley Holdings plc, Nottinghamshire, UK.
RWE Piller GmbH is a world-leading machine construction company for system solutions for the provision of high-quality power, as well as uninterruptible power supply systems (UPS). With its head office and production facilities in Osterode am Harz and subsidiaries in France, Italy, Spain, Great Britain, the USA and Australia, the company delivers system solutions for industrial applications, computer centres, telecommunications and aviation.
|Transaction value:||not disclosed|
|Sales:||EUR 126 million|
RWE Solutions AG is a part of the RWE Group, one of the leading power and water utilities in Europe and the USA. As service provider in the RWE Group, RWE Solutions AG is responsible for the planning, construction and management of the technical infrastructure for utilities.
The role of Network Corporate Finance
Network Corporate Finance advised the clients on the preparation and implementation of the selling process. After preparing the information memorandum, a management presentation and the time frame, in connection with a supervised auction Network Corporate Finance approached specific, potential strategic investors and financial investors, provided the due diligence to a limited number of interested parties, and finally discussed the sale and purchase agreement with Langley Holdings plc.