Doosan Heavy Industries has acquired Skoda Power a.s.
Doosan Heavy Industries & Construction has acquired ŠKODA POWER a.s., a leading European producer of steam turbines, in a deal worth US$662 million. This has been the largest foreign investment transaction in the Czech Republic this year.
As part of the Doosan Corporation, Doosan Heavy Industries & Construction is South Korea's largest power equipment maker. The company also produces industrial facilities, machine tools and construction equipment. Doosan Heavy has built over 300 nuclear, thermal, combined cycle and hydro power plants and is currently building more than 60 power plants worlwide. The company is fast becoming an EPC contractor as a result of continuous investments and R&D, while also developing wind power systems, fuel cells and environmentally friendly next-generation energy.
This transaction is the latest in a series of takeovers led by Doosan, including the acquisition of US-based Bobcat, the world's top compact construction equipment firm.
ŠKODA POWER a.s., based in Pilsen, Czech Republic, is a leading European manufacturer and supplier of technological equipment and customer services in the field of power generation. The company supplies steam turbines to machine halls of ŠKODA design and offers complex services for fossil power plants, co-generation units, combined cycles, nuclear power plants, and waste and biomass incineration plants. In 2008, the company’s revenue reached over US$250 million.
ŠKODA HOLDING is a financial holding owned by Appian Group, an international investment group. The holding was created based on a financial and organizational restructuring.
Oaklins' team in the Czech Republic acted as local financial advisor to the buyer, facilitating the negotiations and the agreement on key terms in the share purchase agreement. Additionally, the team also negotiated local financing for this acquisition.
Talk to the deal team
Related deals
MEDIK Hospital Design Group has been acquired by STERIS
The private shareholders of MEDIK Hospital Design Group have sold their shares to STERIS plc. Together, MEDIK and STERIS will expand their offerings for hospitals and ambulatory surgery centers worldwide. MEDIK’s solutions ideally complement STERIS’ existing portfolio, enabling the combined group to strengthen its position as a leading provider of turnkey room solutions in surgical and IPT environments. The MEDIK management team will actively support the next phase of growth.
Learn moreBrand Group has acquired The Natoon Group
The Natoon Group has been acquired by Brand Group. This acquisition represents a significant strategic move that will help establish new, robust and stable growth channels. The transaction is intended to expand Brand Group’s revenues through service companies with recurring and predictable income streams supported by long-term contracts. As part of the agreement, Natoon’s senior management will continue to lead the company’s growth.
Learn moreSmile Invest has secured debt financing for the acquisition of RB+ Groep
Smile Invest has successfully acquired a majority stake in RB+ Groep, a specialist in comprehensive fire prevention solutions operating under the brands Van der Aa, Firejob and Preficon Europe, with a strong focus on constructional fire prevention. This transaction supports RB+’s growth ambitions and enables the company to expand into adjacent and international markets.
Learn more