I-ADVISE advises WILO SE on the strategic alliance with iEXERGY
On April 11, 2014, WILO SE acquired a minority interest in Muenster based iEXERGY. iEXERGY is specialized in developing soft- and hardware for wireless smart home solutions. As a leading innovative company iEXERGY is offered targeted support by the Federal Ministry of Economics and Technology.
The venture capital investment followed an only recently concluded strategic partnership in the field of communication of high efficiency pumps with other components in home automation systems. Customers will – at the same time – enjoy maximum convenience and significant cost savings by an intelligent automation system for lighting, entertainment, security and energy consumption.
„The cooperation with our new partner is a reflex of our strategy. WILO not only offers pumps, but focuses on the broader picture. A further step to increase our system competence,” explains Oliver Hermes, CEO of WILO group.
With its 7,000 employees WILO SE generated revenues of 1.2 billion Euro in 2013 and is a globally leading manufacturer of pumps and pump systems for heating, ventilation and air conditioning, water supply and waste water disposal.
The financial and tax due diligence team of I-ADVISE team led by certified public accountant Frank Berg supported WILO SE in the due diligence phase and in contract negotiations.
I-ADVISE AG specializes in transaction advisory and valuation services. I-ADVISE AG is part of an international network of consulting firms, which can complement project teams in cross border transactions and valuation projects.