Author: markenmut

Düsseldorf, 21.1.2020: As part of the scholarship program ProTalent, I-ADVISE AG awards sponsorships to students at the Chair of International Accounting (IUR) at the Westfälischen Wilhelms-Universität Münster (WWU).

ProTalent is a scholarship program of WWU based on the German national scholarship program introduced by German government in 2011. The scholarship program of WWU is designed to support excellent students and to support education of young professionals. Frequent and regular contact and exchange of students with sponsors facilitate access to professional work experience.

Thanks to an improved financial independence sponsored students can focus on their studies and much better develop skills based on their talents.

Frank Berg, Partner of I-ADVISE AG, enthusiastically explains the commitment to the ProTalent scholarship program: „Sponsoring excellent performance and capabilities not only expresses our appreciation for talented and motivated students. We as a firm rate our role as sponsor as an excellent means to enter into exchange and discussion with tomorrow’s high performers. As a professional services firm we highly value quality and excellence not only in our work but also on the part of our employees. Participating in the scholarship program thus represents a consequent investment in the future success of our firm.“

Düsseldorf, November 2019: WILO USA LLC, a subsidiary of WILO SE, acquired the pump business of J-Line Pump Co. J-Line Pump Co. operated its pump business as American-Marsh Pumps. Wilo acquired the business via its newly founded subsidiary American-Marsh Pumps LLC in an asset deal. American-Marsh Pumps with 55 employees is headquartered in Collierville, Tennessee, USA.

“The acquisition of American-Marsh Pumps strengthens our strategic market position in the US, and expands the product portfolio for our customers in the Water Management, Industry and Building Services segments”, explains Oliver Hermes, President and CEO of Wilo Group. “This acquisition marks another important milestone in the execution of our growth strategy, following the successful acquisition and integration of the Cedarburg pump manufacturers Weil Pump & Scot Pump in 2017.”

WILO SE is one of the world’s leading manufacturers of pumps and pump systems for building services, the entire water management chain and industry. The company, whose sales reached more than 1.5 billion euros, has its eyes firmly fixed on the future and is heavily involved in research and development.

The team of I-ADVISE led by Frank Sichau provided services as financial advisor to WILO SE including business valuation services.

I-ADVISE is an audit and advisory firm specialising in transaction and valuation services and is a member of an international alliance of independent advisory firms.

The August issue of the I-ADVISE Spotlight “AUTOMOTIVE AFTERMARKET – CONSOLIDATION KEEPS ROLLING” comments on current developments and challenges in the industry and provides information on the M&A activity in the European car parts and tyre trade.

For access to the publication please click here.