Deloitte advised EMZ Partners (“EMZ”) on the acquisition of a majority stake in leading gas and water metering solutions provider Hermann Pipersberg (“Pipersberg”).
About the transaction
A multi-disciplinary Deloitte team successfully advised EMZ in the acquisition of a majority stake in leading gas and water metering solutions provider Hermann Pipersberg (“Pipersberg”). The team was led by David Krüger, Transaction Services partner, supported by Sébastien Catteau and Stefan Hochmayr working together with M&A Tax led by Clemens Petersen and supported by Cornelia von Craushaar and the German Deloitte Pensions Team (Peter Devlin and Benjamin Bauer). Deloitte’s metering industry expertise, integrated approach and focused execution strongly supported EMZ in this transaction.
Founded 1843 in Remscheid, Pipersberg manufactures, calibrates, certifies and distributes gas and water meters and offers a comprehensive range of services from new meter installations, scheduled meter replacements, testing and repairs to logistics.
With a combination of own as well as sourced components, the firm offers tested end-to-end solutions enabling remote reading („smart meter gateway“) and thus drive digitalization in the gas and water meter market. Over the last years, Pipersberg consistently expanded its product portfolio with new, innovative products through industrial partners and in-house developments. The Group is considered one of the leading full-service and one-stop shop providers for gas and water meters in Germany for more than 175 years
In a highly regulated and mission-critical market, Pipersberg works alongside and established unique relationships with leading municipal utility companies allowing for highly resilient revenues. Pipersberg exhibits highly attractive growth alleys through digitalization, replacement cycles, favorable legislations as well as expansion of the existing product portfolio.
About the client
EMZ is a leading European investment firm that acts as a partner for medium-sized companies and their respective management teams. Its activities focus on investments in the DACH region as well as France with a clear intention to operate and support founders, family shareholders, and managers. The core of EMZ’s philosophy is a significant reinvest of the management team to create a mutual partnership as shareholders.
EMZ is majority-owned by its own employees and has a base of European institutional investors. The current fund has a volume of more than €1.0 billion and its investment size ranges from €10 to €150 million.
About Deloitte – Financial Advisory
As leading independent M&A advisors, we provide M&A deal execution and financial advisory services to private equity firms and large and mid-market corporations globally. We offer financial advice and insight at every stage of a transaction – from consideration of the strategic options to transaction execution, be it an IPO, acquisition or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.