M&A Deal Summary

Altec Acquires Teupen Maschinenbau

On April 5, 2024, Altec acquired machinery company Teupen Maschinenbau from Hannover Finanz and Zhejiang Dingli Machinery

Acquisition Highlights
  • This is Altec’s 1st transaction in the Machinery sector.
  • This is Altec’s 1st transaction in Germany.

M&A Deal Summary

Date 2024-04-05
Target Teupen Maschinenbau
Sector Machinery
Buyer(s) Altec
Sellers(s) Hannover Finanz
Zhejiang Dingli Machinery
Deal Type Add-on Acquisition

Target

Teupen Maschinenbau

Gronau, Germany
Teupen Maschinenbau is a manufacturer of crawler-mounted aerial access platforms for both indoors and outdoors. The highlight of the extensive product range is the “LEO” series, a crawler-mounted access platform that enables access through standard doors and via stairs in shopping malls, airports, railway stations or office buildings. Teupen Maschinenbau was founded in 1977 and is based Gronau, Germany.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Altec

Birmingham, Alabama, United States

Category Company
Founded 1929
Sector Machinery
DESCRIPTION
Altec facility in Duluth, Minnesota.
Altec facility in Duluth, Minnesota.

Altec is a privately held manufacturer of aerial devices, digger derricks and specialty equipment for the electric utility, telecommunications and tree care industries.


DEAL STATS #
Overall 2 of 2
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Mobile Tool International

La Verne, Colorado, United States

Mobile Tool International manufactures truck, trailer and TRAX-mounted aerial lifts serving the telecommunications, electrical utility, rental and construction markets, sold under the name of Telsta, Ameriquip, MTI, Teco and Holan.

Buy -

Seller(S) 2

SELLER

Hannover Finanz

Hannover, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
PE ASSETS 700M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hannover Finanz is a private equity group that targets buyout and expansion capital investments in mid-sized 'structurally sound businesses' operating in stable and growing industries. Hannover Finanz looks for businesses with annual revenues of at least €20 million and typically commits between €15 and €50 million of equity per transaction. The Firm will consider both minority and majority investment situations/needs. Broad areas of interest include technology, life science, service, distribution, and industrial sectors. Hannover Finanz was formed in 1979 and is based in Hannover, Germany.


DEAL STATS #
Overall 25 of 29
Sector: Machinery M&A 4 of 4
Type: Add-on Acquisition M&A Deals 6 of 6
Country: Germany M&A 21 of 25
Year: 2024 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-12 Peak Technology

Holzhausen, Austria

Peak Technology specializes in the development and production of lightweight structures, high-pressure tanks for space travel, hydrogen tanks, structures for launch vehicles and satellites. The company also contributes its expertise and experience in lightweight components to Formula 1, Formula E and the 24 Hours race of Le Mans. Peak Technology was founded in 2007 and is based in Holzhausen, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 Spectral

Pleidelsheim, Germany

pectral designs and produces modern furniture for TV and music systems. With innovative solutions such as integrated sound systems, concealed cable guides and projector drawers, Spectral has made a name for itself over many years and is a pioneer in combining beautiful living with entertaining technology. Spectral was founded in 1994 and is based in Pleidelsheim, Germany.

Sell -
SELLER

Zhejiang Dingli Machinery

Deqing, China

Category Company
Founded 2005
Sector Machinery
Employees2,531
Revenue 7.8B CNY (2024)
DESCRIPTION

Zhejiang Dingli Machinery is a high-end equipment manufacturing enterprise dedicated to the R&D, production, sales and service of intelligent aerial work platforms. Zhejiang Dingli Machinery was founded in 2005 and is based in Deqing, China.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Teupen Maschinenbau

Gronau, Germany

Teupen Maschinenbau is a manufacturer of crawler-mounted aerial access platforms for both indoors and outdoors. The highlight of the extensive product range is the “LEO” series, a crawler-mounted access platform that enables access through standard doors and via stairs in shopping malls, airports, railway stations or office buildings. Teupen Maschinenbau was founded in 1977 and is based Gronau, Germany.

Buy -