Aurelius buys Woodward's RPS and protection relay businesses

Aurelius said in a statement that it will assist the companies in expanding their product and service offerings.

Aurelius invests in special situations and corporate carve-outs in mid-market companies. It generally deploys equity cheques of €5-80m for majority stakes in companies reporting revenues of €100m-1bn. It targets transaction values of up to around €250m.

In December 2019, Aurelius conducted another corporate carve-out in the DACH region, acquiring Distrelec and Nedis from Dätwyler Group, as reported by Unquote.

Aurelius declined to comment.

Company
The RPS and protection relay businesses are headquartered in Kempen, Germany, with a further plant in Krakow, Poland. The RPS business manufactures components for wind turbines, and also offers follow-on services including training, software and hardware upgrades.

The parent company manufactures control systems and components for aircraft engines, industrial engines and turbines. It also produces equipment for power generation and mobile industrial equipment. It reports net sales of $720m and traces its roots back to 1870.

The sold companies have a total of 410 employees and reported combined sales of $80m in 2019.

People
Woodward – Tom Gendron (chairman, CEO).
Aurelius – Gert Purkert (executive board member).

Advisers
Equity – Noerr (legal).

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• Topics
• Buyouts
• DACH
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• Germany
• Aurelius Equity Opportunities