The shareholders of owner-managed EDF Engineering und Design im Fahrzeugbau GmbH (“EDF”), a leading engineering service provider headquartered in Munich, sold all shares to QuEST Global Services Pte. Ltd. (“QuEST Global”). The acquisition leverages QuEST Global’s capabilities in the automotive sector and helps to gain stronger presence in its core target markets of Western Europe. Network Corporate Finance exclusively advised EDF and its shareholders in connection with the transaction.
|Description:||Sale to strategic investor|
The shareholders of Munich-based EDF Engineering und Design im Fahrzeugbau GmbH (”EDF”) disposed all shares to Singapore-based QuEST Global Services Pte. Ltd. (”QuEST Global“) in the course of a company succession plan. The transaction was implemented by QuEST Global’s German subsidiary QuEST Global Engineering GmbH, Stuttgart. This acquisition represents a significant move for QuEST Global in its diversification strategy for 2020. Moving forward EDF will become the new automotive competence center within the Group and act as satellite office for QuEST Global’s activities in Germany.
With a track-record of more than 25 years EDF is today a leading tier-1 partner for the development and design of mobile engineering solutions. The integrated business model comprises engineering services such as the development of complete car body structures and attached parts, individual components or derivatives from design to marketable prototypes, small-series manufacturing of components/systems with accompanying services such as requirements, project and quality management. EDF recently employed approx. 320 professionals and has generated annual sales of circa EUR 30 million in 2014.
For additional information on EDF: www.edf.de