|MAN sold its German subsidiary TAKRAF, the leading open cast mining and materials handling company, to VTC Group.|
|Target Company Name||Takraf GmbH|
|Buyer Name / MBO Team / MBI Team||VTC Industrieholding|
MAN Group sells MAN TAKRAF (renamed TAKRAF GmbH), the leading open cast mining and materials handling technologies company, to VTC Industrieholding, Munich. TAKRAF obtained EUR122 million on sales in 2005.
Years later, TAKRAF became part of the Tenova Group.
|ICFG Office||Hamburg, Germany|
|ICFG Advisory||ICFG Hamburg advised the buyer in 2006.|