Consortium acquires Hitzinger

Entrepreneur Dietmar Pfeiffer and members of the management team Daniel Huber and Jochen Philipp also invested in the company. Huber and Philipp will take over management.

The company was in administration and will be restructured over the next three years. The company plans to strengthen its offering, undergo an optimisation programme and update its management systems.

The company has an order backlog of approximately €60m, according to Unquote sister publication Mergermarket.

Company
Hitzinger is a provider of alternators, gensets, converters, UPS systems and aircraft ground power supplies, and offers services such as project management and installation.

The company employs 272 people and reported a turnover of €57m in 2016 with an export share of 80%. It is based in Linz and operates subsidiaries in the UK, Singapore and the US. It counts companies such as Swissport, American Airlines and Airbus as customers.

People
Dörflinger Group – Georg Hansis (CEO).
Hitzinger – Jochen Philipp (VP, sales and marketing);; Daniel Huber (technical manager).

Advisers
Company – Wildmoser/Koch & Partner (legal).

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