Czech-based SEKO Group Acquires German Smithy Company

Our client, SEKO Group, is a leading Czech-based manufacturer of key components for aircraft jet engines and steam turbines. The company also manufactures complete drilling rigs for customers around the world and has production facilities in Brazil and India.

Seeking to expand its activities, our client engaged Ecovis to act as its advisor in connection with the acquisition of a specialized smithy business in Germany that produces blades for energy turbines. We assisted the client with valuation, due diligence, transaction structuring, and the drafting of transaction documents.

With the help of our specialist team at ECOVIS Wirtschaftstreuhand GmbH Wirtschaftsprüfungsgesellschaft, charged with providing financial and tax due diligence services, we were able to secure a successful closure of the transaction, which ultimately contributed to our client’s ability to complete its acquisition of this specific business.

Our client is currently taking over the operations of the business.