ICFG Switzerland advised on the acquisition of two entities of the Viessmann Group by Hitachi Zosen Inova
| ICFG member based in Switzerland, A. Vaccani&Partners (“AVP”), has advised Swiss-Japanese cleantech company, Hitachi Zosen Inova (“HZI”) on its acquisition of Schmack Biogas Service GmbH and microbEnergy GmbH, both headquartered in Schwandorf, Bavaria, by the end of 2021. |
| HZI has entered into an agreement with Viessmann Group to acquire the business activities of two entities of the Schmack Group (Schmack), Schmack Biogas Service GmbH and microbEnergy GmbH on 9th July 2021. The final closing is expected after formal approval by the regulatory authorities. By this date, the business activities of the Schmack entities will be transferred to HZI and the entire workforce will become part of the HZI Group. Schmack specialises in the engineering, construction, maintenance, technical services and operation of wet fermentation plants. In addition, the product and service portfolio includes retrofitting and modernising biogas plants, advisory services to biogas plant owners in the field of feedstock solutions, and a power-to-gas process for biological methanation. Schmack Biogas Service and microbEnergy are leading, well-established companies in the German biogas market. HZI will value this positioning and leverage it going forward to support the development of their products and services in the reference markets. With Schmack joining the group, the Swiss cleantech company HZI will considerably increase its presence in the biogas market. The addition of Schmack’s capabilities will enable HZI to match customer needs, whether industrial, municipal, agricultural or financial, across the entire value chain and for all possible feedstock. |
| Bruno-Frédéric Baudouin, CEO of HZI commented: “We are extremely pleased to welcome Schmack’s employees to the group. They bring amazing expertise and know-how in the renewable gas business. What they have created over time is an excellent complement and extension to HZI’s existing offering, particularly in the field of wet fermentation. This joining of teams will ensure that we can provide our markets and partners with an even broader range of integrated technologies and services in the future.” Joachim Janssen, Co-CEO of Viessmann Group commented: “We are very happy to have found a new owner in the global cleantech leader HZI. Thanks to the global network of HZI and its Japanese parent Hitachi Zosen Corporation, doors will open to new markets for Schmack’s products and services, while HZI will be able to open up new market segments with its expanded product and service portfolio.” Manuel Götz, Managing Director of Schmack Biogas Service GmbH and microbEnergy GmbH commented: “With the sale of Schmack Biogas Service GmbH and microbEnergy GmbH, our colleagues have found a good new home. I’m convinced that together with our new shareholder HZI we will continue to lead the two companies to new strength internationally.” |
