Gienanth Steyr Guss GmbH and its subsidiaries have been acquired by NKMS Holding GmbH

The German Gienanth Group has sold Gienanth Steyr Guss GmbH and its subsidiaries Gienanth Steyr MBA GmbH and Gienanth Czechia to NKMS Holding GmbH.

As the parent company, NMKS Holding GmbH operates several businesses in the metal industry and is based in Vienna. The integration of the foundries in Steyr and the processing facility in the Czech Republic strategically complements NKMS Holding’s existing foundry and manufacturing activities, creating significant synergy potentials and opportunities for expanding expertise and production capacities.

The Gienanth Group, headquartered in Eisenberg, has a long tradition and was founded in 1795 as a hammer mill. Today, the Gienanth Group is a well-established foundry specializing in the production and finishing of high-quality iron castings. These castings are manufactured using both machine and hand-molding processes. Gienanth supplies ready-to-install iron casting solutions for the mobility industry, mechanical engineering and decentralized energy supply systems, with individual castings weighing up to 15 tonnes. The product range includes series for cars and commercial vehicles, agricultural and construction machinery, railroad technology as well as cylinder crankcases and add-on parts for large engines and mechanical engineering components. With approximately 1,000 employees, the group generates an annual turnover of around €300 million (US$332 million).

Oaklins’ team in Austria acted as the exclusive M&A advisor to NKMS Holding during the entire acquisition process.