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BDO has advised Hitachi Zosen Inova AG on the acquisition of Steinmüller Babcock Environment GmbH

23. Dezember 2021

A multidisciplinary BDO financial, tax and legal team has supported Hitachi Zosen Inova AG in acquiring 100 % of the shares in Steinmüller Babcock Environment GmbH from Nippon Steel Engineering Co., Ltd.

Hitachi Zosen Inova (HZI) is a global cleantech company that is active in the fields of energy from waste (EfW) and renewable gas. HZI has been a part of Hitachi Zosen Corporation, one of Japan's largest industrial and engineering companies, since 2010.

Steinmüller Babcock Environment GmbH is known for creating, producing and maintaining cutting-edge technology for thermal waste treatment and flue gas cleaning. The medium-sized company is part of the Japanese Nippon Steel Engineering Co, Ltd. – which is the second largest steel manufacturer in the world. Steinmüller Babcock Environment has successfully launched many innovative products, such as the first industrial SCR (Selective Catalytic Reduction) large-scale plant in Europe, the Inconel cladding used in a Waste to Energy plant, and the world’s first water-cooled grate.

BDO has provided services in the areas of Corporate Finance, Transaction Tax and Transaction Legal.

Frank Scholl, Partner in the field of Corporate Finance, added: “We are very pleased about being the lead advisor to Hitachi Zosen Inova AG in financial, tax and legal matters with regard to this complex transaction. We believe that our multidisciplinary approach has been crucial in order to make the transaction happen. We at BDO have positioned ourselves in such a manner that we are able to help our clients in the most efficient way, thereby solving complex tasks in a very smooth manner.”

The members of the multidisciplinary BDO team working on this project were:

BDO AG Wirtschaftsprüfungsgesellschaft

Financial Due Diligence / SPA (Corporate Finance, BDO Hamburg)

Tax Due Diligence / Tax Structuring / SPA (Transaction Tax, BDO Düsseldorf):

  • Dr. Michael Brauer (Partner)
  • Christian Richter, LL.M. (Senior Manager)
  • Peter Müller, LL.M. (Senior Consultant)

BDO Legal Rechtsanwaltsgesellschaft mbH

Due Diligence / SPA

  • Dr. Nico Meinzenbach (Partner)
  • Dr. Konstantin Michelsen (Partner)
  • Dr. Marcel Fricke (Partner)
  • Manfred Hack (Senior Manager)
  • Dr. Heiko Büsing (Senior Manager)
  • Jessica Fischer (Manager)
  • Gregor Tylewski (Consultant)