Jose Antonio Barrena
Norgestion
Danobat Group
Deal Type
Acquisition
Sector
Industrials
Completion Date
16th September 2019
Deal Value
Not disclosed
Company Background
Danobat is the market leader in machine tool manufacturing of grinding machines geared towards solving the problems of each client with customised solutions.
It has an annual turnover of 130 million euros, is strongly internationalised and has production plants in Germany, Spain and the United Kingdom and centres of excellence in these countries as well as Italy, the USA and China.
It forms part of the Danobatgroup, an industrial group that employs 1,300 people and is part of the Mondragon Corporation
Deal Summary
Norgestion advised the machine tool and production systems manufacturer Danobat on the the acquisition of the Dutch company Hembrug Machine Tools, leader in precision hard turning technology.
Hembrug has a strong presence in Europe and an extended network in North America and Asia. In 2018 it had a turnover in excess of 14 million euros. Danobat is the market leader in machine tool manufacturing of grinding machines, with an annual turnover of 130 million euros.
The acquisition gives Danobat’s customers a better and wider choice between the two complementary technologies grinding and hard turning. Hembrug customers will benefit from the extended service network of Danobat, a service engineer in the United States is already been trained. Furthermore Danobat’s excellent grinding expertise will be of use in Hembrug’s new hybrid hard turning/grinding machines. Hembrug will also make use of Danobat’s automation solutions and Industry 4.0 offerings.
Danobat Group deal contacts
Key members of the Norgestion deal team crucial in the Danobat Group transaction
Latest Mergers Alliance News
Dresner Partner, (USA) advised Therafin Corporation on its partnership with Altimatemedical
Khronos Advisory (Thailand) has advised Electricity Generating Public Company Limited (EGCO) on USD95 million capital increase in PT Chandra Daya Investasi
Dresner Partners (USA) advised Connoisseurs Products on its sale to Willert Home Products
Ethica Group (Italy) advised Vicenza Mode, high-end knitwear manufacturer, in the sale of a majority stake to Sienna PE
