Singapore-based QuEST Global Services Pte. Ltd., (QuEST) has acquired EDF GmbH from private shareholders.
QuEST Global Services is a diversified Product Development Solutions (PDS) company, employing over 4,200 professionals around the world, with delivery centers in the USA, Singapore, UK, Germany, Italy, Spain, France, Japan, Australia and India. QuEST helps clients to reduce product development costs, shorten lead times, extend capacity and maximize engineering resources availability by providing support across the complete product life cycle, from design and modeling through to analysis, prototyping, automation, data documentation, instrumentation and controls, embedded systems development, manufacturing support and vendor management.
Munich-based EDF GmbH is a leading engineering company offering a whole range of development services, from the initial concept to the production-ready product. Many vehicle components of renowned manufacturers such as BMW, Audi and Mercedes-Benz already bear the EDF signature, from body shells to mounted parts, including exterior and interior elements. Managing Director Gerhard Hauk and his management team will be staying with the company after the transaction and are committed to growing the business.
"M&A was new territory for us. M&A International Inc.’s German team not only set standards in availability and commitment, but also impressed us with their detailed expertise. Even during time-critical and complex negotiation situations, the team maintained an overview as well as provided detailed knowledge and consequently made a significant contribution to the successful completion of this transaction," said Ajit Prabhu, QuEST CEO and Chairman.
QuEST was referred to Oaklins' team in Germany by the team in Cleveland. The German team won the mandate, acting as exclusive advisor to QuEST in this transaction. Over 10 months, they helped QuEST to search the market for suitable successful and innovative German engineering service providers. EDF will support QuEST in their internationalization strategy and will offer synergies generated by their services portfolio.
“M&A was new territory for us. Oaklins' team in Germany not only set standards in availability and commitment, but also impressed us with their detailed expertise. Even during time-critical and complex negotiation situations, the team maintained an overview as well as provided detailed knowledge and consequently made a significant contribution to the successful completion of this transaction.”
Ajit Prabhu, CEO & Chairman, QuEST Global Services Pte. Ltd.
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