ASSAG has been acquired by AVTEC Limited
May 2012 — The private shareholder of ASSAG, a leading designer and seller of crown gear technology, has sold the company to AVTEC Limited. Financial details have not been disclosed.
ASSAG specializes in crown gear technology and has been developing innovative gearing solutions for many different applications for over 20 years.
AVTEC Limited, a powertrain major from India, is part of the diversified multi-billion dollar CK Birla Group, headquartered in New Delhi, India. The know-how of AVTEC combined with ASSAG's capabilities complement each other and will create substantial synergies for both companies.
Our role in the transaction
The owner of ASSAG considered AVTEC as a potential strong strategic partner and mandated Oaklins' team in Switzerland to advise on the negotiations. Our team prepared and lead an extensive due diligence process with the advisors to AVTEC, conducted the negotiations and assisted in the preparation of the closing of the transaction.
Talk to the deal team
Related deals
Gramo has completed a mandatory public takeover bid for the shares of Deceuninck
Gramo BV has completed a mandatory public takeover bid for the shares of Deceuninck NV. The bid was launched after Gramo’s conversion of warrants increased its participation in Deceuninck above the 30% voting rights threshold, thereby triggering a mandatory takeover bid under Belgian takeover legislation. The transaction further strengthens the stability of Deceuninck’s shareholder base and supports the company’s long-term strategy focused on innovation, sustainability and operational excellence.
Learn moreGVS has completed a voluntary partial tender offer for its own shares
GVS S.p.A. has completed a voluntary partial public tender offer for 12.3% of its own share capital.
Learn moreSECAL has been acquired by VINCI Energies
SECAL has been acquired by VINCI Energies to strengthen its lifting services offering and expand its capabilities across strategic industrial markets. This acquisition also provides SECAL with access to new markets and growth opportunities, particularly in the environment, aerospace and rail sectors.
Learn more