MP Corporate Finance acted as the exclusive financial advisor to German technology Group Körber in divesting its sheet metal processing operations in Baltic Metalltechnik’s Grevesmühlen (DE) site to German Bader Group.
Körber AG is the holding company for an international technology group with approx. 11,500 employees around the world. The Group comprises leading-edge technology companies and over 100 production, service, and sales entities. At locations around the globe, Körber combines the benefits of a globally-present organization with the strengths of highly-specialized, flexible, medium-sized enterprises that offer their customers solutions, products, and services in the Business Areas of Automation, Logistics Systems, Machine Tools, Pharma Systems, Tissue, Tobacco and Corporate Ventures. The Körber Group generated sales of € 2.3 billion in fiscal year 2015.
Baltic Metall Grevesmühlen is a highly sophisticated manufacturer of sheet metal systems and solutions for the international machine tool industry. Formerly part of Körber Group’s Business Area Tobacco, the company specializes in complex machine housings, providing its customers with integrated housing systems, assembling sheet metal components as well as electronics, windows and fixtures.
Baltic Metall Grevesmühlen will be integrated into German Bader Group as a competence centre for stainless steel sheet metal processing. As such, the company will be able to further leverage and develop its existing skill set and vastly improve Bader Group’s own standing as an integrated, full-service provider of sheet metal systems.