ARQIS has advised BWK GmbH Unternehmensbeteiligungsgesellschaft (BWK) on the acquisition of a majority stake in H & R Industrierohrbau.
H & R Industrierohrbau, based in Goldbach in Bavaria, is specialised in the maintenance and construction of piping in production facilities. In 2017, the company generated a turnover of almost EUR16 million with 80 employees at its three locations – two of which are “on-site locations” at industrial parks in the Rhine-Main area. Among H&R’s customer base are major companies of the chemical and pharmaceutical sectors (eg AkzoNobel, Boehringer Ingelheim, Sanofi, and Clariant) as well as other medium-sized industrial customers.
“H & R is exceptionally well positioned on the market and has an outstanding reputation. We are confident that we can support H & R’s growth constructively,” states Dr Bernd Bergschneider of BWK’s executive board. Rainer Miller, a member of BWK’ management says: “Together with H&R, we will establish additional locations and eventually be present in further industrial parks via ‘Buy & Build’”.
BWK GmbH Unternehmensbeteiligungsgesellschaft, based in Stuttgart, is one of the longest established German capital investment companies and pursues a long-term investment approach. This spring, ARQIS has already advised BWK GmbH on the acquisition of a minority stake in CruiseVision GmbH, one of the leading technology providers of photo and video products on ocean-going cruise ships.
