Deloitte advised Hirotec Corporation (“Hirotec”) on the acquisition of Emil Bucher GmbH & Co. KG Modell- und Maschinenbau (“EBE”), Germany, and the two affiliates Staufen Business IT GmbH and Staufen Prozessautomation GmbH (“the Affiliates”). While the definitive agreements were signed on February 15th, 2022, the transaction was finally closed on May 2nd, 2022.
About the transaction
The German Deloitte Corporate Finance Advisory team in Frankfurt am Main, led by Claudius Thiell and supported by Tomokazu Ikezawa, Jan Morawietz and Jan Mehlis, successfully advised Hirotec on the acquisition of the assets of EBE in Eislingen, Germany, which filed for insolvency in September 2021. Additionally, Hirotec also acquired the shares of the affiliated companies Staufen Business IT GmbH and Staufen Prozessautomation GmbH. Apart from the advisory work of the Corporate Finance Advisory Team, Deloitte also supported Hirotec with a Legal Due Diligence and Legal Advisory team led by Marc Stock as well as provided Financial and Tax Due Diligence services.
EBE and its Affiliates have a total workforce of approx. 190 employees and are specialized in the development and manufacture of machinery and equipment for various industries. The Group primarily concentrates on system engineering services and automation technology, offering customized production lines and automation solutions for the automotive industry.
With the acquisition, Hirotec further strengthened its position in the European market by driving the expansion of the business with European Automotive OEMs and Tier 1 suppliers and establishing an in-house procurement site for other European production plants.
About the client
Founded in 1932, Hirotec Corporation is a privately owned leading global engineering company, supplying production lines of body-in-white closures and exhaust systems for the automotive industry. With the headquarters based in Hiroshima, Japan, and a global workforce of around 1,800 employees, Hirotec offers expertise in designing, developing, and manufacturing stamping dies, assembly systems, and hemming equipment.
About Deloitte – Corporate Finance Advisory
As leading independent M&A advisors, we provide M&A deal execution and financial advisory services to large and mid-market corporations as well as to private equity firms globally. We offer financial advice and insight at every stage of a transaction – from consideration of the strategic options to transaction execution, be it an IPO, acquisition, or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.
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