QuEST Global Services Pte. Ltd. has acquired EDF GmbH
February 2015 — 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.
Our role in the transaction
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.
Talk to the deal team
Related deals
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreENGIE Énergie Services has sold Majorelle to Isospace
Majorelle, a pioneer in space planning in France for 40 years, has been sold to Isospace by ENGIE Énergie Services. The transaction marks a new chapter in Majorelle’s growth, bringing together complementary expertise in workplace design, space planning and fit-out while preserving its brand, teams and market positioning. Together, Majorelle and Isospace generate more than US$45 million in revenue, primarily in the Île-de-France region. The companies operate in a commercial fit-out market undergoing significant transformation, driven by evolving workplace needs, real estate asset repositioning, regulatory requirements and environmental and socioeconomic challenges. Philippe Savajols, president of Isospace and Majorelle, aims to ensure continuity for Majorelle and its teams while developing complementary capabilities and synergies across the group, preserving both companies’ respective cultures, expertise and client relationships.
Learn moreCibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn more