I-ADVISE supports Erich Utsch AG in business combination with Hills Numberplates Ltd
March 2020: I-ADVISE AG advised Erich Utsch AG, Siegen, in taking over shares in UK-based Hills Numberplates Ltd (“Hills”).
In the context of combining businesses, Erich Utsch AG together with two former shareholders assumed all shares in Hills. Hills is UK market leader in the supply of legal number plates and licence plate components. Its subsidiary FaabFabricauto is French market leader. Hills group has circa 300 employees and generates a turnover of more than € 50 million.
Subsequent to the business combination, Erich Utsch AG and Hills group are the world’s largest group in the license plate segment with a combined workforce of more than 1,000 employees servicing customers in more than 130 countries.
I-ADVISE assisted Erich Utsch AG in the execution of the financial due diligence of Hills and its French subsidiaries.
Erich Utsch AG is the global leader in the production of vehicle license plates as well as related technology and system solutions.
I-ADVISE is an accounting and advisory firm specialised in transaction and valuation services and is a member of an international alliance of independent advisory firms.