Saxenhammer & Co. advises on the sale of Henschel Group to TS Group
Saxenhammer & Co. Corporate Finance GmbH ("Saxenhammer & Co.") acted as the exclusive sell-side M&A advisor on the sale of Henschel GmbH and its subsidiaries (“Henschel Group”) in connection with the disposal of its assets and business operations to TS Group GmbH ("TS Group"), based in Aachen, Germany. The deal was signed on December 11th, 2017 and was successfully closed as of January 1st, 2018.
Founded in 1810, Henschel Group is counted as one of the world’s leading manufacturers of drive technology in vehicle and plant construction. With manufacturing facilities in Germany and Czech Republic and sales offices in the USA and China, Henschel Group offers highly engineered gearboxes to customers worldwide, especially in railway industry and oil & gas industry.
TS Group is a German mechanical and plant engineering company, specializing in the fields of test stands for tires and drive systems, optical material testing and industrial furnaces.
The Managing Director of TS Group, Dr. Stephan Köhne, commented: “I am delighted that benefiting from the acquisition of Henschel, I have the chance to perpetuate a piece of German industrial history, to restructure and develop the company out of a difficult situation. Over the past few weeks, I have been convinced by the existing know-how, the stable customer base and the commitment of the employees and I believe that we can bring Henschel back to its new strength”.