TST Tamsan has acquired the coupling division of the Oetiker Group, Business Unit Couplings, within the context of an asset deal. The assets, plant and equipment, as well as the patents from the Oetiker Group were taken over. Financial terms of this transaction have not been disclosed.
TST Tamsan is a leading manufacturer of quick connect and multi couplings for hydraulic, penumatic, vacuum, gas, chemical fluids and fluid media applications. With this acquisition, TST is further expanding its existing product and customer portfolio as well as its market presence in Europe.
With this sale, the Oetiker Group, a manufacturer of products in the coupling technology, wants to focus more on its core business with fasteners, rings, assembling tools and quick connectors which represent the majority of its current turnover.
Oaklins' team in Germany was mandated by TST Tamsan to act as its financial advisor. Despite the complexity of a cross-border deal, the team managed a very efficient transaction process leading to a successful completion.
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