BPV Huegel has advised the German Wurth Group on the acquisition of the family-owned Upper Austrian C.I.C.M.P. Vertriebs-GmbH. Hochleitner Rechtsanwalte reportedly advised the seller.
The transaction was signed in Vienna on June 30, 2021, and finalized on August 2, 2021.
According to BPV Huegel, Wurth is the world market leader in the sale of assembly and fastening materials. It currently consists of over 400 companies in more than 80 countries and employs more than 81,000 people.
Founded in 2008, C.I.C.M.P. is a technical wholesaler with a focus on hydraulic connection technology. C.I.C.M.P. assembles hydraulic hoses for customers in Austria as well as in the surrounding neighboring countries.
The BPV Huegel team was led by Partner Elke Napokoj and included Partners Michaela Pelinka, Gerhard Fussenegger, and Sonja Durager, Attorney-at-Law Walter Niedermuller, and Associate Daniel Grimmer.