Zephyr Group has acquired PK OEM Parts

Zephyr Group has acquired PK OEM Parts. With the entry of PK OEM Parts, Zephyr Group aims to achieve a consolidated turnover of approximately US$65 million in 2023. The acquisition will allow an increase in the services and product range offered to customers by leveraging the group’s know-how and logistical capabilities. Furthermore, the acquisition represents a step forward in the growth and consolidation strategy that Zephyr Group started in 2018 with the acquisition of Spanish competitor SKV.

Founded in 1974 in La Spezia, Italy, Zephyr is one of the main European companies specialized in the distribution of spare parts for merchant ships and slow ferry engines, as well as for power plant engines. With its extensive existing stock of high-quality spares, the company will guarantee a wider stock and greater efficiency in delivering products to customers and partners.

PK OEM Parts is a leading supplier and stock-keeper of OEM spare parts suitable for widely used Wärtsilä engines. With a strong focus on quality and reliability, the company provides a comprehensive range of components tailored for these engines. Their expertise and commitment to customer satisfaction makes PK OEM Parts a trusted partner for procuring high-quality OEM spare parts for Wärtsilä engines used in both marine and power generation applications.

Oaklins’ team in the Netherlands together with the team in Italy acted as the exclusive buy-side advisor to the shareholders of Zephyr Group. This transaction emphasizes our strong track record in the marine equipment sector, having previously advised Zephyr Group on the sale to DeA Capital and VSL Club in 2021, and PK OEM Parts on its management buy-out in 2010.