Our Swiss partner in Zurich has initiated a EUR139m cross-border transaction in the CleanTech industry.
Nippon Steel & Sumikin Engineering Co., Ltd. (NSENGI, Japan) acquires 100% of the shares of Fisia Babcock Environment GmbH (FBE, Germany) for EUR139.3m from Salini-Impregilo S.p.A.
NSENGI (www.eng.nssmc.com/english) leading Japanese engineering company with about €2.3 billion turnover and 100% subsidiary of Nippon Steel & Sumitomo Metal Corporation Group.
FBE (www.fisia-babcock.de) is a leading supplier in the European environmental plant market with a workforce of appr. 300 employees and concentrates on the engineering and construction of plants for thermal waste treatment and flue gas cleaning. The company has integrated the environmental know-how, key employees and references with the predecessor companies Deutsche Babcock Anlagen GmbH, Noell KRC Energie- und Umwelttechnik GmbH and L. & C. Steinmüller GmbH and merged three of the most reputed and traditional enterprises in the field of environmental technology. This comprehensive knowledge of the former companies in all aspects of thermal waste treatment and flue gas cleaning enables Fisia Babcock Environment GmbH to be the most competent and innovative partner for clients in the solution for their problems in the area of environmental protection. The range of plants already constructed worldwide and the broad variety of ultra-modern technologies we offer sufficiently document our experience.
Vaccani, Zweig & Associates (Zurich), which is representing the ICFG network in Switzerland, initiated the transaction and provided strategic and business due diligence, market analysis and valuation support to the buyer.