Clearwater International advises the shareholders on the sale of a majority stake in Allgaier Group to Westron
Clearwater International has advised ALLGAIER WERKE GmbH, and its shareholders, the family of Prof. Dr. Dieter Hundt, on the sale of a majority stake in Allgaier Group (Allgaier), one of the market leaders in the automotive industry and provider of custom solutions for the process engineering industry, to Westron Group (Westron).
Founded in 1906 and headquartered in Uhingen, Germany, Allgaier developed from a pioneer in forming and processing technology to an international high performer in its two core business divisions Allgaier Automotive and Allgaier Process Technology. The Allgaier Automotive division is a system supplier for the international automotive industry. The core competencies of this division include body parts and special toolmaking, press shops, the development, testing and manufacture of tank systems, and the car body parts specialist unit. Future technologies include the development of battery housings for hybrid and electric vehicles and a revolutionary and globally patented cold forming process. With its comprehensive know-how, the Allgaier Process Technology division offers customised and innovative solutions for the bulk solids processing industry from industrial washing, drying, cooling, screening, and sorting of bulk materials of all kinds. Allgaier’s 1,700 employees work in direct coordination with their international customers, resulting in innovative and cost-effective solutions. With a total of 12 companies and numerous representative offices worldwide, the group is present both in the traditional industrialised countries and in the emerging international growth markets.
Westron is a Shanghai-based industry group investing in companies that provide advanced solutions in the automotive and technology sector. Their investment strategy focuses on emission reduction, safety improvement, and smart car technologies. Westron holds interests in different companies in China and Germany, with its product portfolio covering chassis, powertrain, and connectivity.
The mutual aim of Westron and Allgaier is to strengthen and expand the Automotive division, including the tool-making operations, and the Process Technology division, along with their various subsidiaries and locations. The Automotive division will be more strongly aligned to customer requirements in today’s globalised world, while the Process Technology division will expand its global sales network and build on its product range and customer base, notably in the environmental and recycling sectors. Markets in China and Asia will play a central role for both divisions. As well as providing financial capital for future growth, Westron will also be involved in the management of the Allgaier Group and bring in their experience in business restructuring, the automotive sector and metalworking.