Scheuch acquired Schust Engineering Inc.

115 Scheuch - Schust
Datum:
2016
Branche:
Plant Construction
Länder:
Austria, USA
Competences:
Buy side, Cross border

MP Corporate Finance acted as exclusive M&A advisor to Scheuch Group in the acquisition of Schust Engineering Inc., a transaction marking one further step in Scheuch‘s structured globalization campaign.

Scheuch Group is an Austrian specialist in industrial air purification plants and clean-air technology for the wood-, wood-based products-, industrial minerals-, metals- and energy industries. The group‘s operations comprise approx. 1,000 employees in 20 countries.

Based in Fort Wayne, Indiana, USA, Schust Engineering provides EPC services (complex engineering, project management and services) for large scale industrial air pollution control (APC) systems. The Company further employs a team of highly qualified service engineers supporting the Company’s customers in installation and start-up of APC systems on site.

With the acquisition of Schust, Scheuch took the next step to expand its presence in the attractive North American market for industrial APC equipment and components, with Schust acting as turn-key provider for tailored APC solutions, complementing CamCorp’s wide range of standard APC products and equipment.

Giving insight to the transaction is Jürgen Donath, Managing Director and Sector Head of Machinery & Plant Construction at MP Corporate Finance: “Together with Scheuch’s previous acquisition of  CamCorp, the group now runs a sizeable, self-sustaining operation in the US. Both firms’ USPs are highly synergetic and complementary, with individual operations fitting together seamlessly. Together, both Companies position Scheuch as a full-service provider with top-technology capabilities in APC equipment and solutions in North America.”

Leveraging upon its existing contact network and pursuing a structured acquisition process, MP Corporate Finance succeeded in finding the perfect partners for Scheuch, completing transactions beneficial to the sustainable development of all companies involved.