Strategic deal in automotive parts trade sector: PwC Legal advises Stahlgruber
Frankfurt am Main, September 23, 2013
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) advises Stahlgruber Group, a leading automotive parts trader and workshop equipment supplier, in the acquisition of 51 % of the shares in PV Group – operating in the market under “PV Automotive”. The acquisition is subject to approval by the competent antitrust authorities. It was agreed that no information would be disclosed regarding the purchase price. In addition, the acquisition is not linked to any investment in the Pit-Stop workshop chain.
STAHLGRUBER Otto Gruber AG with headquarters at Poing, Germany, is the financial and management holding company for the companies of the STAHLGRUBER Group. It holds 100 % of the shares in the two group companies STAHLGRUBER GmbH and REMA TIP TOP GmbH which are responsible for the operational business. In 2012, STAHLGRUBER GmbH achieved global sales of € 935 million. Stahlgruber GmbH has a total workforce of 4,334 employees, nearly 1,000 of which are employed outside Germany. The sales territory covers Germany, Austria, Czech Republic, Slovakia, Slovenia, Croatia, Italy and China.
With annual sales of more than € 350 million and around 1,600 employees at 90 locations, PV Automotive GmbH, headquartered in Essen, is one of Germany’s leading nationwide companies in the sector of independent automotive parts trade. Founded in 1922, the company’s services and operations include not only a full range of automotive parts, but also outfitting workshop facilities and services as well as workshop systems for independent automobile dealers. These include the systems AUTOFIT, AUTOPROFI and PV:PARTNER, the electronic parts catalogue PV:KOMPASS, the workshop organization software PV:MANAGER and the online search portal “meinewerkstatt.de”.
Bernhard Strauch (CEO, STAHLGRUBER Otto Gruber AG ),
Werner Maier (CFO Stahlgruber GmbH), Michael Übelacker (Head of Legal)
Dr. Dirk Stiller, Denis Bacina (lead management, Corporate/M&A), Dr. Clemens Maschke, Moritz Gröning, Ivo Dreckmann, Thilo Renz, Tim Steininger, Silvia Surlan (all Corporate/M&A), Christian Berg, Julia Rosemann (Labor), Peter Holzhäuser (Real Estate), Dr. Jan-Peter Ohrtmann (IP/IT)
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