TRUMPF (Machine tools a.o.)

Übernahme der Firma JFY durch TRUMPF

With a turnover of 2.34 billion Euro (2012/2013) and 9,900 employees, TRUMPF is one of the worldwide leading manufacturers of machine tools and lasers for sheet metal processing. In order to extend its position in the Chinese machine tool market TRUMPF took over the majority share in Jiangsu Jingfangyuan (JFY) in October 2013 (see enclosed reports in FAZ and Handelsblatt). JFY is the Chinese market leader for punching and bending machines. TRUMPF thereby gains access to the very dynamic middle market of punching and bending machines in China.
From early 2011 until the successful closing, FE has been involved in all negotiations of this huge M&A transaction. Mr. Wei Ge, Chinese partner of FE, thereby both supported the German side as advisor and did a lot of persuading on the Chinese side. Thus it could be accomplished, that the shareholders of JFY refrained from the planned IPO and became open for negotiations with TRUMPF. Early 2012 the contracts have been signed (foto).

During the following process of approving by the Chinese government and authorities, Mr. Ge co-ordinated the lobbying on behalf of TRUMPF. After the successful closing of the Security Review and Merger Control, TRUMPF received the final approval in spring 2013. With the attendance of Mrs. Dr. Nicola Leibinger-Kammüller, CEO of TRUMPF, and Mr. Dr. Mathias Kammüller, General Manager of TRUMPF and President of the Machine Tool Division, the opening ceremony took place in Yangzhou on Oct 18, 2013 (foto).

Summarizing, FE respectively its partner Mr Ge took over the following tasks:

 

  • influencing the shareholders of JFY towards a sale of shares to TRUMPF as well as maintaining close contacts locally
  • project related consulting and interpretation during the negotiations in China and Germany
  • intercultural advise for the communication with JFY and the authorities
  • co-ordination and active contribution to the lobbying among the crucial decisionmakers and authorities
  • supporting the execution of the due diligence
  • ongoing consulting and involvement in the operational phase after the closing

“The contribution of Mr. Ge to the success of our M&A project can not be esteemed high enough. His calm, professional and congenial manner enabled us, despite cultural differences, to build up a trustful relationship with the shareholders of JFY. Without this, we could not have reached the successful closure of the project.”

Dr. Mathias Kammüller
Dr. Mathias Kammüller