The Investmentaktiengesellschaft long-term investores 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.
Transaction
TGV, an investment company for long-term investors (“TGV”), has acquired a total of 45.1% of KROMI Logistik AG (“KROMI”) following the completion of a share purchase agreement with several major shareholders, thereby increasing its stake in KROMI to 63.3%. Shareholders holding the remaining 9.5% of KROMI’s share capital have been granted a put option. A public takeover offer has been made to the remaining shareholders.
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
