I-ADVISE AG advises WILO SE in the aquisition of GVA
With retrospective effect as of 1 January 2016, WILO SE completed the acquisition of GVA (Gesellschaft für Verfahren der Abwassertechnik mbH & Co. KG), headquartered in Wülfrath with a production plant in Sangershausen (Saxony-Anhalt).
GVA is a German company specialised in system-technologies and system-components for biological sewage purification. For more than 30 years GVA is an active player in the wastewater segment and an established partner worldwide for plant engineering for industrial and municipal water treatment. Managing Partner René Brunßen will continue to lead GVA within the Wilo group.
With its 7,400 employees WILO SE generated revenues of 1.3 billion Euro in 2015 and is a globally leading manufacturer of pumps and pump systems for heating, ventilation and air conditioning, water supply and waste water disposal.
The acquisition of GVA strenghtens WILO SE’s strategy of a further development from components provider to systems provider. “GVA’s product portfolio represents the optimal complement to the Wilo portfolio” explains Carsten Krumm, Member of the Managing Board of WILO SE and Oliver Hermes, Wilo Chairman further states: „The acquisition of GVA is an important step in the expansion of activities in the wastewaster segment and further increases application expertise. Innovative wastewater treatment systems require operational experience as well as sustainable and environmentally friendly technology with respect to climate change, demographic change and water shortage”.
The financial and tax due diligence team of I-ADVISE led by WP/StB Frank Sichau supported WILO SE in the due diligence phase and in purchase contract negotiations.