Transactions

Recently founded Nussbaum Custom Lifts GmbH will take over the business operations of Otto Nußbaum with effect from July 1, 2020. The Nußbaum family and their companies, which are active in the lifting platform market as well, are behind the acquiring company. The takeover will ensure the preservation of all 220 jobs and the continuation of both existing production facilities in Kehl.

The Nussbaum brand is recognized worldwide as a leader in the automotive lifting technology market. The product portfolio includes high-quality above and inground vehicle lifts for all major tonnage ranges. Moving forward, the family business will operate in the development, production and sale of special solutions as a business unit “custom” and thus complement the offering range of Nussbaum World Lifts, which is focused on standardized products.

The traditional family business, which was founded in 1943 as a small locksmith’s shop in Kehl, is today considered one of the market leaders for lift technology worldwide. Nussbaum found itself in financial difficulties because of the economic effects of the COVID-19 pandemic. Insolvency administrator Dr. Dirk Pehl (Schultze & Braun) took over the full-scale continuation of the business operations and at the same time initiated a structured M&A process, for which Wintergerst Societät für Unternehmer- Beratung was exclusively mandated.