The Clearwater Team has advised Feintool, an international technology and market leader in the fields of fine blanking, forming and e-sheet metal punching for processing sheet steel, on its acquisition of Kienle + Spiess.
All Kienle + Spiess employees at all locations will be taken over by Feintool.
Feintool is financing the acquisition with bridge financing, which is to be replaced by a capital increase. The planned capital increase of up to €200m will be used not only to repay the bridge financing but also to finance the further growth of Kienle + Spiess. Feintool's main shareholder, the Artemis Group, has agreed to exercise its subscription rights and also to guarantee the capital increase up to the full amount.
Kienle + Spiess was founded in Sachsenheim (DE) in 1935 and is now an internationally successful group of companies with around 900 employees and a total production area of around 45,000 square meters, spread over three international locations. The company is part of the Sumitomo Group. The company supplies rotors and stators for highly efficient electric drives. The rotor and stator are the power-generating core components of an electric motor or generator. Kienle + Spiess is one of the leading suppliers in this field. The products are used in industrial applications, motor vehicles, pumps, generators and regenerative energy systems. Components from Kienle + Spiess thus contribute to the progress of electromobility.
Feintool was founded in 1959, is headquartered in Switzerland and has its own production plants and technology centres in Europe, the USA, China and Japan. The company employs around 2,600 people worldwide. The company, which is listed on the Swiss stock exchange, is an international technology and market leader in the fields of fine blanking, forming and e-sheet metal punching for processing sheet steel. Feintool is pursuing a clear e-mobility strategy. The trend towards highly efficient and sustainable drives in a wide range of areas is leading to significant technological changes. The transition from vehicle drives with combustion engines to purely electric drives is accelerating rapidly worldwide. Feintool has responded to this with its technology offensive for e-drives, with the result that hybrid and battery-electric vehicles are now supplied by Feintool.