Drehtainer GmbH has signed an agreement to be acquired by PRÆSIDIAD
Drehtainer GmbH, a leading manufacturer of mobile protection systems, is to be acquired by PRÆSIDIAD. Steen Associates acted as sole financial adviser to the shareholders of Drehtainer GmbH.
Drehtainer GmbH is headquartered in Valluhn, Germany, and supplies a range of NATO armies with protective infrastructures, command posts and mission critical mobile protection systems. The company has a long-standing history of supplying protected camps to the German, Australian, British, Canadian, Dutch and Swiss armed forces to support operations for critical missions worldwide.
PRÆSIDIAD is a leading player in the outdoor perimeter protection sector. Its subsidiary Hesco specializes in defence, perimeter protection and security systems, including barriers, rapid deployment systems and safe haven bunkers. Acquiring Drehtainer complements Hesco’s product portfolio and provides immediate access to additional technology and customers. Drehtainer on the other hand will strongly benefit from PRÆSIDIAD’s experience, capital and global distribution network to drive further growth.
Commenting on this strategically important move to acquire Drehtainer, Michael Hughes, Hesco CEO, said: “Under PRÆSIDIAD’s leadership Hesco has accelerated expansion into complimentary new key markets. Not only does this acquisition further expand our portfolio but it also enables the crucial collaboration between Hesco and Drehtainer’s respective engineering capabilities. Together we will share sector knowledge and innovate new ground-breaking technologies for military and security protection.”
Reinhard Glombek and Jens Harder, shareholders of Drehtainer, commented: “We are pleased that Drehtainer has found a partner in Hesco that shares our culture and values and with whom we can work together to continue the growth of the business”
The proposed transaction remains subject to regulatory approvals.
Notes to Editors:
About Drehtainer GmbH
Drehtainer GmbH develops and manufactures special protection systems for defence, nuclear technology and industrial applications. The company is a key supplier to numerous armed forces arcoss the world, offering advanced protection systems for soldiers and systems alike.
PRÆSIDIAD is a world market leader of force protection solutions, integrated perimeter security systems and industrial mesh production and fencing products. Its brands, Hesco, Betafence and Guardiar, are globally recognized for quality protective systems, integrated security solutions and outstanding service.
About Steen Associates
Steen Associates Ltd., founded in 2005 and present in Germany since 2011, acts as trusted adviser for public and private companies operating in the general industries and the aerospace & defence sector. With offices in London, Frankfurt and Paris, Steen Associate’s European Advisory’s business designs and executes strategic M&A and financing solutions. It combines the breadth of its advisory offering with industry specific insights to achieve a unique understanding and perspective into markets and participants globally.
For more details about Steen Associates please visit www.steenassociates.com.
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