M&A Deal Summary

Palfinger Acquires TTS Group ASA

On June 19, 2016, Palfinger acquired machinery company TTS Group ASA for 600M NOK

Acquisition Highlights
  • This is Palfinger’s 5th transaction in the Machinery sector.
  • This is Palfinger’s largest (disclosed) transaction.
  • This is Palfinger’s 2nd transaction in Norway.

M&A Deal Summary
Date 2016-06-19
Target TTS Group ASA
Sector Machinery
Buyer(s) Palfinger
Deal Type Add-on Acquisition
Deal Value 600M NOK
Advisor(s) Pareto Securities (Financial)
Wikborg Rein & Co.
Advokatfirmaet Selmer DA (Legal)

Target

TTS Group ASA

Bergen, Norway
TTS Group ASA, designs, develops and supplies equipment solutions and services for the marine and offshore industries. TTS offers solutions that increase profitability and competitiveness by improving productivity, quality and system capacities.

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Buyer(S) 1

Buyer

Palfinger

Bergheim, Austria
Category Company
Founded 1932
Sector Machinery
Employees11,653
Revenue 2.4B EUR (2023)
DESCRIPTION

Palfinger is a manufacturer of innovative lifting solutions for use on commercial vehicles and in the maritime field. The pillars of corporate strategy comprise innovation and the further internationalization as well as the growing flexibility of products, services and processes. Palfinger was incorporated in 1932 and is based in Bergheim, Austria.

DEAL STATS #
Overall 9 of 9
Sector (Machinery) 5 of 5
Type (Add-on Acquisition) 6 of 6
Country (Norway) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-26 Hidro-Grubert

Río Tercero, Argentina

Hidro-Grubert has been a family-run business for 76 years. The company produces access platforms, hydraulic knuckle-boom cranes and truck bodies in Río Tercero in the Argentinian province of Córdoba. It is the undisputed market leader in Argentina and has an outstanding reputation throughout Latin America.

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Product

Company

Legal