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Franzen & Company advises Franke Group on the divestment of the Mobile Systems business – a segment of Franke Aquarotter GmbH

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Franzen & Company acts as exclusive advisor to Franke Group in this important corporate disposal.

The seller
The Swiss Franke Group, headquartered in Aarburg carved out and divested the Mobile Systems business, which is part of its subsidiary Franke Aquarotter GmbH based in Ludwigsfelde, Germany to the American TransDigm Group (NYSE: TDG) based in Cleveland, Ohio for approximately $75 million in cash. The sale and purchase agreement was signed on July 23, 2014 and the transaction closed on March 31, 2015.

The target
The tap and water management specialist Franke Aquarotter belongs to the Franke Group. The Mobile Systems segment manufactures specialty faucets, water heaters and electronic controls for lavatories in the aviation industry. The majority of the 270 employees at Franke Aquarotter are not affected by this sale. The Ludwigsfelde site will continue to exist as a competence center for water management for the public sector. Going forward, TransDigm Group will change the name of the acquired Mobile Systems business to Adams Rite Aerospace.

The buyer
TransDigm Group Incorporated (NYSE: TDG), through its wholly owned subsidiaries, including TransDigm Inc., is a leading global designer, producer and supplier of highly engineered aircraft components, systems and subsystems for use on nearly all commercial and military aircraft in service today.

Alexander Zschokke, CEO/President of the Franke Group said:
„This transaction confirms our strategy of focusing on our core business where we aim to achieve further growth both organically and through acquisitions. We are pleased to have found TransDigm as the ideal buyer whose product portfolio perfectly matches our Mobile Systems activity.” He added, ”Franke Aquarotter has successfully developed this business activity throughout the years to become a ”Category Leader” in the aviation industry. TransDigm is a leading global company active in this segment of the aviation industry and will continue to develop and improve the Mobile Systems business in a fitting way.”

 

Franzen & Company AG deal team comprised of Marcel Franzen and Johann Waller sole-advised Franke in this important transaction under Franzen & Company AG’s then 50% owned subsidiary Acxit Capital Partners AG.