TSG Group takes over Refrigeration air conditioning Manfred Wegner GmbH.
Manfred Wegner GmbH
TSG Group
Parties involved
Business Services
Sector
Buy-side Advisory
Type of transaction
The TSG Group has acquired Refrigeration air conditioning Manfred Wegner GmbH ("Manfred Wegner") from the shareholder family.
Based in Wismar, Manfred Wegner is a top refrigeration/air conditioning company in northern and eastern Germany. This acquisition strengthens TSG's position as the leading refrigeration and air conditioning company in Germany.
With sales of over 700 million euros, TSG Group is a leading European service provider with a focus on service stations and electric charging infrastructure. As a portfolio company of the French investment house HLD, the organisation employs a total of 4,300 people.
Global M&A Partners' offices in Düsseldorf and Paris exclusively advised the buyers. The transaction underlines the robust track record in the business services sector.
The teams from Global M&A Partners in Düsseldorf and Paris offered advice throughout the acquisition process. Their high level of professionalism and strong relationship-building skills with the sellers, who were completing their first M&A transaction, were crucial in finalising the deal.
Jochen Schraff
General Manager TSG Group
