#KROMI

The Investmentaktiengesellschaft für langfristige Investoren TGV, Bonn, has secured the majority on the Frankfurt Stock Exchange listed KROMI Logistik AG, Hamburg, through the purchase of several share packages and issued a public tender offer to the remaining shareholders. Network Corporate Finance exclusively advised the selling shareholders and the company in connection with these transactions.

#Key data

Industry: Industrials
Client: KROMI
Project type: Capital Market Transactions , M&A
Description: Public M&A
Date: August 2016

Transaction

The Investmentaktiengesellschaft für langfristige Investoren TGV ("TGV") has acquired a total of 45.1% in KROMI Logistik AG ('KROMI") with the implementation of a share purchase agreement with major shareholders and by this expanded their participation in KROMI to 63.3%. A put option was granted to further shareholders holding 9.5% of the capital of KROMI. Other shareholders was offered a public tender offer.


 

The Company

Founded in 1964, KROMI Logistik AG is considered the world leader in professional tool management with complete outsourcing for the supply of precision tools. Here KROMI combines the classical tool trading business with a peripheral tool supply that includes output machines in the customer's production area. KROMI has primarily focused on customers within the mechanical engineering, automotive, aerospace and marine engine construction.

For additional information on KROMI: www.kromi.de

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