CGS-backed Top-Werk acquires Hess Group

Top-Werk received fresh capital from investors in order to acquire Hess, which will be merged under the umbrella structure of Top-Werk.

CGS acquired Top-Werk in February this year, investing in the merger of concrete slabs and coating equipment manufacturer SR-Schindler Maschinen Anlagentechnik and Prinzing Anlagentechnik und Formenbau, a producer of concrete products for infrastructure. At the time of the transaction, CGS aimed to follow a buy-and-build strategy with the newly formed company.

Company
Hess manufactures machines and equipment for the construction materials industry, with a focus on high-performance equipment such as aerated concrete, concrete pipes and mixer machines.

The Burbach-based company employs around 750 staff across production sites in Germany, the Netherlands, France, Russia, China, India, Mexico and its sales and service centres in Canada and Dubai.

People
Christoph Haller led the deal for CGS. Hess's management team – comprising Ralf Beier, Tobias Hess and Friedrich Krombach – will join Top-Werk's managing directors Georg Prinzing and Richard Scheuerlein at the helm of the group.

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• Topics
• DACH
• Industrials
• Expansion
• Acquisition finance
• Switzerland
• Germany