WTS Advisory supports sale of GZO foundry to Baettr
DEAL NEWS
Stuttgart, January 16, 2024
WTS Advisory has advised Mechanical Power Supply B.V. on the sale of ENERCON's supplier Guss-Zentrum Ostfriesland (GZO) to the Scandinavian foundry group Baettr. At the same time, WTS Advisory supported ENERCON in concluding a strategic cooperation agreement with Baettr.
The takeover of GZO became effective on January 15, 2024. The company is to be fully integrated into Baettr's production structure in the course of the year. Future production for ENERCON is the subject of the strategic cooperation agreement.
WTS Advisory acted as financial advisor throughout the entire sale and negotiation process.
About GZO
GZO is a leading casting supplier for the renowned wind onshore manufacturer ENERCON. The foundry specializes in the production of high-quality cast components, which are essential for the manufacture of wind turbines. Thanks to state-of-the-art technologies, many years of expertise and constant innovation, the company offers customized solutions that meet the highest quality standards. The range of cast products manufactured includes machine carriers, rotor hubs, axle journals and other key components.
About WTS Advisory AG
WTS Advisory is an independent, innovative solution provider for goal-oriented consulting and active operational support for companies along the entire CFO agenda. This includes solutions ranging from external reporting, optimization of the finance department, governance, risk & compliance issues to M&A and transaction advisory as well as support for digital transformation on the way to "Next Generation Finance".
WTS Advisory is part of WTS, a global full-service provider for tax advisory services and financial & deal advisory. WTS is represented at 13 locations in Germany and in more than 100 countries worldwide.
The Deal Advisory division of WTS Advisory & WTS offers integrated advice on financial (WTS Advisory) and tax (WTS) aspects along the entire transaction process. The WTS Advisory Deal Advisory team supports corporate transactions, for example in the form of financial due diligence investigations and other buy-side and sell-side services as well as valuation services such as expert and indicative company valuations, purchase price allocations, impairment tests and post-deal implementation.
Team
Martin Engelmann, Senior Consultant
Matthias Neukäufer, Senior Manager
Patrick Nußmann, Senior Consultant
Nils Sattler, Manager
Jan-Niklas Meier, Consultant
Dr. Rainer Doll, Partner
Contact
WTS Advisory AG
Dr. Rainer Doll, Partner
Friedenstraße 22 · 81671 München · Deutschland/Germany
T: +49 (0) 89 28646-2716
M: +49 (0) 162 2444957
rainer.doll@wts.de
www.wts-advisory.de
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