12.07.2024
Binder Grösswang advises NKMS Holding GmbH on the acquisition of Austrian and Czech subsidiaries of the German-based Gienanth Group. Gienanth Steyr Guss GmbH and its subsidiaries Gienanth Steyr MBA GmbH, based in Steyr, Austria, and Gienanth Czechia s.r.o., based in Kaplice, Czech Republic, are being transferred.
The signing took place on 3 July. The closing of the transaction is still pending and is expected in August.
The Binder Grösswang deal team was led by Corporate / M&A Partner Andreas Hable, Corporate / M&A Senior Associate Simona Chwala, Roman Zaufl (Corporate / M&A), Employment Partner Horst Lukanec, Employment Counsel Sabine Apfl-Trompeter and Counsel Johannes Bammer, Tax Partner Christian Wimpissinger, Larissa Wagner (Tax), Competition Partner Christine Dietz and Competition Senior Associate Max Danzinger.
The parent company NMKS Holding GmbH operates several companies in the metal industry and is based in Vienna. The integration of the foundries in Steyr and the further processing in Kaplice is an excellent strategic fit with the existing foundry and manufacturing activities of NKMS Holding. This expansion perfectly complements the existing portfolio and offers great potential for synergies as well as the expansion of expertise and manufacturing capabilities.
The Gienanth Group, headquartered in Eisenberg (Palatinate), was founded in 1795 as a hammer mill. Today, the Gienanth Group is an established foundry group specialising in the production and finishing of high-quality iron castings using machine and hand moulding processes. Gienanth offers its customers ready-to-install cast iron product solutions for the mobility and mechanical engineering industries as well as for decentralised energy supply up to a unit weight of 15 tonnes. The most important product groups in large and small series include cast parts for passenger and commercial vehicles, agricultural and construction machinery and railway technology, cylinder crankcases and add-on parts for large engines as well as mechanical engineering components. With a total of around 1000 employees, the group of companies generates a turnover of around 300 million euros per year.