GERMANY – IPIC acquires 70% of MAN Ferrostaal

Essen-based MAN Ferrostaal is a global provider of industrial services in plant construction and engineering. As a general contractor in plant construction, the company offers project development, project management and financial planning for turnkey installations, including petrochemical plants, gas and solar power stations, oil and gas installations, biofuels and industrial plants.

The company operates as an independent sales and services partner in the automotive, printing and packaging machinery, piping and marine construction sectors. It employs approximately 4,400 people in 60 different countries. In 2008, its annual turnover amounted to EUR 1.6bn.

The vendor, MAN Group, is a supplier of trucks, buses, diesel engines, turbo machinery, and special gear systems. Listed on the German Stock Index, DAX, it generated revenues of approximately EUR 15bn in 2008. Based in Munich, it employs approximately 51,300 people worldwide.

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• Topics
• Buyouts
• DACH
• Industrials