On December 20, 2013 WILO SE completed the acquisition of all shares in GEP Industrie-Systeme GmbH, Zwönitz.
GEP Industrie-Systeme GmbH specializes in potable and process water systems as well as for fire fighting systems.
With its 7,000 employees WILO SE generated revenues of 1.2 billion Euro in 2012 and is a globally leading manufacturer of pumps and pump systems for heating, ventilation and air conditioning, water supply and waste water disposal.
By acquiring GEP Industrie-Systeme GmbH WILO SE extends its existing market proposition in the field of applications for water supply systems in the domestic and international markets. „Priorities are set on German speaking countries in order to meet increasing requirements and authorization regulations, in particular in the field of fire fighting systems, and to offer full service solutions for our customers.“, explains Carsten Krumm, Senior Vice President WILO SE.
The financial and tax due diligence team of I-ADVISE team led by WP/StB Frank Sichau supported WILO SE in the due diligence phase and in purchase 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, if necessary, can complement the project teams in cross border transactions and valuation projects.