Dr. Christoph Studinka
Proventis Partners
Gurit Hungary Kft
Deal Type
Company sale
Sector
Industrials
Completion Date
11th February 2020
Deal Value
Not disclosed
Company Background
Gurit Hungary is a leading tier 1 automotive supplier to OEMs with carbon fiber-based Class A composite components. With a long history of automotive composites production, Gurit Hungary has developed a strong position in the European market segment. The company offers full OEM support from conceptual part design and prototyping, composite material development and production to Class A part manufacture. Parts are produced using a high and increasing degree of automation and using state-of-the-art materials.
Deal Summary
Carbopress, a specialist Italian company active in automotive carbon composite components expressed interest in acquiring the business which lead ultimately to the sale. Initially, Gurit planned to shut down its automotive business.
The signing and closing of the transaction occurred concurrently. The parties have agreed silence over the selling price. Gurit Hungary employs 144 staff members. The transaction is P&L and cash neutral to Gurit.
Gurit CEO Rudolf Hadorn states: “It is positive that we could find a solution for the employees and the customers”.
Value Added
Proventis Partners has advised the CEO of Gurit Holding throughout the entire M&A process. Services provided included the preparation of full transaction documentation, identification and approach of suitable investors and due diligence support.
Gurit Hungary Kft deal contacts
Key members of the Proventis Partners deal team crucial in the Gurit Hungary Kft transaction
