M&A Deal Summary

GKN Acquires Stromag AG

On September 5, 2011, GKN acquired energy services and equipment company Stromag AG from HQ Equita for 200M EUR

Acquisition Highlights
  • This is GKN’s 1st transaction in the Energy Services and Equipment sector.
  • This is GKN’s 4th largest (disclosed) transaction.
  • This is GKN’s 2nd transaction in Germany.

M&A Deal Summary

Date 2011-09-05
Target Stromag AG
Sector Energy Services and Equipment
Buyer(s) GKN
Sellers(s) HQ Equita
Deal Type Add-on Acquisition
Deal Value 200M EUR

Target

Stromag AG

Unna, Germany
Stromag AG is a provider of a mechanical drive systems for industrial clutches, brakes and limit switches. Stromag engineers develop customized solutions for the drive train. Primary markets include wind turbines, cranes, heavy equipment and agricultural road construction equipment.

Search 200,500 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

GKN

Redditch, United Kingdom

Category Company
Sector Engineering
Employees51,400
Revenue 9.7B GBP (2017)
DESCRIPTION

GKN is a global engineering company. Known for its expertise in advanced manufacturing, GKN specializes in designing, manufacturing, and supplying innovative components and systems for the automotive, aerospace, and industrial markets. Its extensive product portfolio includes driveline technologies, electric drivetrains, lightweight structures, aerospace systems, and power management solutions. GKN is based in Redditch, United Kingdom.


DEAL STATS #
Overall 15 of 20
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 10 of 12
Country (Germany) 2 of 3
Year (2011) 3 of 4
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-22 EVO Electric

United Kingdom

EVO Electric Limited develops and manufactures advanced electric machines, drive systems and other integrated products for a wide range of transportation and mobile power applications. Its core competence is the development, design and integration of high torque electric motors and generators based on Axial Flux technology, an ultra efficient, low weight alternative to conventional electric machines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 Getrag’s Driveline Products Business

Germany

Getrag Driveline Products, which will be integrated into GKN Driveline, is an excellent fit with GKN’s existing range of products and technology.

Buy £295M

Seller(S) 1

SELLER

HQ Equita

Hamburg, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

HQ Equita is a private equity firm that targets minority investments in mid-sized companies in German-speaking countries (primarily Germany, Austria and Switzerland). The Firm focuses on growth-oriented companies undergoing consolidation, with sustainable earnings power, and strong market positions. Equity seeks companies with revenues between €50 and €250 million. Equita is a generalist investor, with no sector preferences. The Fis not limited to specific industries. Equita has no limitation on its investment period, enabling it to invest in companies for the long term. The Firm will support a variety of transactions includes succession/ownership changes, group spin-offs, lead-up to IPOs, MBOs, MBIs, take privates, and growth capital financings. HQ Equita is an arm of family owned Harald Quandt Holding GmbH. HQ Equita was formed in 1992 and is based in Hamburg.


DEAL STATS #
Overall 12 of 25
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 9
Country (Germany) 10 of 21
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-15 Stettler Sapphire AG

Lyss, Switzerland

Stettler Sapphire AG is a provider of high-quality sapphire glass used by the luxury watch industry as well as in various technical applications in the fields of optics, electronics and medicine. Stettler Sapphire was founded in 1886 and is based in Lyss, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-24 Barat Ceramics

Auma, Germany

Barat Ceramics is a manufacturer of electronic and measurement components, metal-ceramic composites, ceramic wear components and ceramic parts for ballistic applications, particularly for armour-clad vehicles.

Sell -