Heico Holding acquires Wistra
Logistics and transport
The US based Heico Holding acquired the shares of Wistra GmbH based in Selmsdorf and all its subsidiaries. The acquisition is seen as a way to broaden Heico’s portfolio of cargo securement companies and give the company a presence in Germany and the European Union.
Transfer Partners advised the shareholders of Wistra during the entire transaction process. The mandate included the coordination of the entire due diligence process and advising during the SPA negotiations.
Wistra offers a broad range of products for securing cargo in the logistics sector. These include lashing straps in various models and versions, nets for securing cargo, lashing tracks, shoring beams and cargo bars, decking beams and sliding decking beams as well as several in-house developments.
“Heico acquired 100 percent of the shares of Wistra, which is enhancing our range of products and service offering. Heico is pursuing ambitious objectives in Europe and all of the 70 workplaces will be maintained. The new company structure opens further expansion opportunities and new prospects for Wistra”.
Heico is the parent holding company for a diversified portfolio of over 35 businesses involved in manufacturing, construction and industrial services. In 2015, Heico’s businesses generated more than $2 billion in revenues. The activities in the business segment of cargo securing are summarized in the Ancra Group which also includes Wistra as well as the companies Ancra International, Kinedyne and S-Line.