Interpump Group S.p.A. acquired White Drive Motors & Steering business unit of Danfoss, consisting of three companies based in Poland, Germany and the US. The transaction value is EUR 278 million.
The seller, Danfoss, is a global supplier of mobile hydraulics and electrification products and solutions. White Drive Motors & Steering has manufacturing facilities in the US, Germany and Poland. The deal was made possible by regulatory bodies’ approval (incl. the EU Commission and the US Department of Justice).
act BSWW legal & tax advised Interpump Group on the acquisition of White Drive Motors & Steering sp. z o.o. (formerly operating as Danfoss Power Solutions sp. z o.o.), a Polish company that forms part of the acquired business unit. The company has two production plants in Poland, located near Wrocław.
The services rendered by the law firm included due diligence of the acquired company, drafting transaction-related documents, negotiation support and closing assistance.
The project team was led by Mariusz Grochowski (Senior Associate) and supervised by Jacek Bieniak (Managing Partner).
“We are pleased to advise on such complex transaction, which plays a pivotal role in our Client’s business strategy,” says Jacek Bieniak.
Interpump Group is the world’s largest producer of professional high-pressure piston pumps, as well as one of the global players in the hydraulic components market. It is listed on the Italian Stock Exchange in the FTSE Italia Mid Cap and FTSE Italia STAR indices. Interpump Group manufactures pumps with pressure up to 500 bar, and professional high pressure cleaners, with 75% of the products intended for export.
Danfoss Group is a multinational company with more than 28,000 employees globally. It produces mechanical and electronic components for equipment on a global scale and in a variety of sectors. Danfoss manufactures approx. 250,000 individual products daily in 50 factories located in 20 countries. The Group’s distribution network consists of approx. 110 agencies. The corporate headquarters are located in Nordborg, Denmark.