BDO has advised the international engineering group, Beck & Pollitzer on the acquisition of Nuremberg-based montagen plus GmbH and its wholly owned subsidiary montageprofis GmbH & Co. KG. The acquisition of one of Germany’s leading machinery installation and relocation services provider strengthens Beck & Pollitzer’s market position in Germany, one of the Group’s identified key markets.
An interdisciplinary team from BDO AG Wirtschaftsprüfungsgesellschaft in Hamburg under the leadership of Martin Studier (Corporate Finance) was engaged by Beck & Pollitzer to provide due diligence on the financial and tax position of the acquired organisation. Bernardo José Riedel (Corporate Finance) assisted in conducting the financial due diligence, while the tax due diligence investigations were led by Peter Klumpp (M&A Tax).
Beck & Pollitzer is headquartered in the UK, with 31 offices in 16 countries, providing a comprehensive range of engineering services to a wide range of manufacturing and industrial sectors, locally, nationally and internationally. With the acquisition of montagen plus and montageprofis, Beck & Pollitzer adds further expertise to its core competencies within the machinery installation and relocation services industry and thereby strengthening its global footprint.
montagen plus is one of the most experienced installation providers in Germany with around 400 customers since its foundation and more than 100 staff.
Ivo Vesselinov, Group CFO at Beck & Pollitzer said “We have used BDO globally for M&A related support and our natural choice for a financial and tax diligence provider in Germany was BDO Hamburg. The team led by Martin and Peter responded to our needs quickly and guided us effectively in translating local management accounts to IFRS and understanding the complexities of German tax structures.“