Altenloh, Brinck & Co has sold ABC Umformtechnik to FAWER Automotive Parts Ltd. Co. of China
Altenloh, Brinck & Co., headquartered in Ennepetal, Germany, is a diversified fastener group with a 200-year heritage, focusing primarily on fasteners for the construction industry, including the building materials fasteners under the SPAX brand name.
ABC Umformtechnik is a leading European manufacturer of safety-critical fasteners to the automotive industry with revenues of Euro 70 million and 320 employees, operating one plant in Gevelsberg, Germany. The company is the global number one auto wheel bolt fastener supplier, partnering with originial equipment manufacturers (OEMs), such as BMW, Daimler, Porsche and VW Group, as well as several tier-1 suppliers including ZF.
FAWER, based in Changchun, China, and listed on the Shenzhen Stock Exchange, is a state-owned automotive supplier with revenues of Euro 1.2 billion and 7,500 employees. The company specializes in the automotive segments of climate control, chassis, brake, transmission and steering. FAWER is part of the state-owned First Auto Works (FAW) conglomerate, which is one of the top four Chinese auto OEMs.
The acquisition of ABC Umformtechnik is the first cross-border mergers and acquisitions (M&A) deal for FAWER. Through the combination, the company intends to further advance its market development in Europe, while ABC Group aims to further secure the market leadership and international growth of its wheel bolt business.
Lincoln International acted as the exclusive M&A advisor to Altenloh, Brinck & Co, preparing and managing a successful competitive M&A process as well as identifying an ideal partner for the successful future development of the target company.
The transaction was signed in August 2020 and has been closed in January 2021, following regulatory approvals in China and Germany.
Goerg Rechtsanwälte, led by Florian Wolff (Partner), assisted the sellers on the legal side.
The Lincoln International team provided excellent and persistent advice, based on its deep understanding of the automotive sector and specific needs of state-owned Chinese transaction partners.
Meet our Senior Team
View More Transactions in Automotive & Truck
Lincoln International advised Nitto on the agreement to transfer a portion of its NVH business to Parker Corporation
Lincoln International advised Innovative International Acquisition Corp on its merger with Zoomcar
Lincoln International advised Insolvency administrator Schultze & Braun on the sale of Bolta Werke to Winning Group
Lincoln International advised Schaeffler on the sale of its global automotive chain drive systems business to funds advised by DUBAG
Lincoln International has advised Chiltern Capital and Keyhaven in raising financing to support the growth strategy of Steer Automotive
Lincoln International has advised Deutsche Beteiligungs AG on its acquisition of in-tech GmbH
Lincoln International advised private shareholders on the sale of Mürdter Group to Xandor Mürdter Automotive Holding, a portfolio company of Quantum Capital Partners
Lincoln International advised CGS Management on the sale of SF Tooling Group to Storskogen
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.