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Binder Groesswang Advises MBI Group on Acquisition by Tongtai

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Binder Groesswang has advised MBI Group Beteilingung GmbH, the Austrian owner of ANGER Machining and HELLMERICH, on the acquisition of a 76% shareholding in and refinancing of the group by Taiwan’s family-owned Tongtai Machine & Tool, which is reported to provide the companies with independence from bank financing and enable them to advance their market position around the world.

Headquartered in Traun, Austria, ANGER is the global market leader for high-performance transfer centers, and has revolutionized serial part machining processes in the automotive, vehicle, and general metal processing industry. HELLMERICH is based in Seeboden, Austria, and produces maximum-precision multi-spindle heads, crown turret heads, and precision components for the machine tool sector.

Tongtai is the third-biggest CNC machine tool company in Taiwan, with manufacturing facilities in Taiwan, China, Thailand, Vietnam, Malaysia, Japan, Indonesia, Romania,  and France, in addition to sales and service offices worldwide. Expanding beyond its strong presence in Asia, Tongtai is reportedly aiming at developing new European markets by investing into selected technology companies. 

The Binder Groesswang team advising the MBI Group on the deal was led by Partner Florian Khol, assisted by Senior Associate Hemma Parsche on Corporate/M&A and Partner Stefan Tiefenthaler on Financing.