Sales of TAIFIN Glass Machinery to HEGLA
TAIFIN Glass Machinery is a fast-growing Finland-based company that designs, manufactures and sells high-tech glass manufacturing lines for automotive and architectural glass industry. TAIFIN offers technologically advanced flat, tempered, laminated and smart glass solutions to its international customer base. In year 2018, TAIFIN achieved a turnover of 10 M€ with a good profitability. The company operates its business through the parent company in Nokia, Finland, and a subsidiary in Suzhou, China. Germany-based HEGLA Group acquired 51 % of TAIFIN’s share capital. The company’s current owners will remain minority owners. The operations of HEGLA and TAIFIN are highly complimentary, creating a large amount of synergies in the glass machinery industry.
Our main value creation components were:
- Initiation of the process, coupled with executing a global buyer search and competitive bidding phase
- Assisting in synergy analysis
- Managing of full-scope Due Diligence process
- Assisting in deal structuring and negotiations around SPA commercial terms and the seller’s representations and warranties
TAIFIN’s partnership with HEGLA creates opportunities for the company to grow and develop even faster than before, and to reach new customers in the international markets together with the HEGLA Group. Following the transaction, the company will do business under the name HEGLA-TAIFIN. Carner advised the sellers throughout the process.
HEGLA GmbH & Co. KG
HEGLA GmbH & Co. KG provides the glass industry with high-quality machines and systems for glass cutting and sorting, as well as for storage and logistics. HEGLA has its headquarters in Beverung, Germany, and subsidiaries in Germany, the United States, the United Kingdom and France. In fiscal year 2018, HEGLA’s turnover exceeded 90 M€.