ADVISED ON SALE OF COMPANYIndustrials
has been acquired by
Lampe Privatinvest has sold von Oertzen GmbH, a leading solution provider of high-pressure water jetting systems for industrial customers, to Hako, a subsidiary of the Possehl Group. The supplementary product ranges should enable both companies to further expand their market position in Germany and abroad.
von Oertzen GmbH offers a broad product portfolio tailored to the individual requirements of its customers, which includes high-pressure cleaners, equipment for high-pressure fire extinguishing technology and special solutions for the cleaning of machines, assembly lines and containers in potentially explosive atmospheres. Most recently, the company from Ammersbek (Schleswig-Holstein), which was founded over 60 years ago, achieved annual sales of around EUR 11m with 65 employees.
With an annual turnover of more than EUR 430m and around 2,000 employees worldwide, Hako GmbH from Bad Oldesloe is one of the world's leading providers of cleaning and municipal technology.
Possehl Group, based in Lübeck, is a diversified and international active industrial holding with more than 180 subsidiaries in over 30 countries. In 2017, Possehl Group achieved sales of EUR 3.8bn.
IMAP M&A Consultants AG has been the exclusive financial advisor to von Oertzen’s shareholders, Lampe Privatinvest, and organized a structured and highly competitive sales process.