SMS group has sold Hertwich Engineering to Oberbank
Hertwich Engineering
Headquartered in Braunau am Inn, Austria, Hertwich Engineering is the market leading plant engineering specialist in eco-friendly and automated aluminum casthouse, delivering innovative solutions to a global customer base. Hertwich Engineering designs highly automated full-line plants that combine melting furnaces, casting machines, heat treatment lines as well as sawing-packaging and quality inspection equipment, covering the entire value creation / recycling chain from aluminum scrap to semi-finished products (one-stop-shop). The company’s plants are characterized by low energy costs, high metal yield and significant environmental benefits as they meet the strictest regulations with up to zero CO2 emissions. Hertwich Engineering has a track record of more than 335 installed plants across all continents.
The Deal
Richard Floto, Lincoln International Managing Director who led the transaction, commented, “Hertwich Engineering has been acquired by its management team through a buy-out from SMS group. This disvestiture is in line with SMS group’s strategy to streamline its portfolio in order to focus on its core business green steel. As an independent company, Hertwich Engineering now plans to boost investments in innovation and capacity to drive progress in the aluminum industry.”
Our Perspective
The sale of Hertwich Engineering, as the market world leader for recycled aluminum processing machinery, adds to the record of Lincoln International in serving ESG-driven business models.
SMS Group
SMS group is renowned worldwide for its forward-thinking technologies and outstanding services in the metals industry since 150 years. As a partner for the most demanding projects, SMS accompanies its customers throughout the entire lifecycle of their metal production and processing plants, thus enabling profitable and resource-saving value chains. The mission is to turn metals green and to advance climate-neutral and sustainable metals production. The company generates sales of about Euro 3bn and employs 14,400 employees.
Meet our Senior Team
Building long-term relationships is key for me personally – I want to be the advisor of trust for my clients.
Dr. Michael Drill
Managing Director | Head of Germany
Frankfurt
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