MEILLER acquires BOWELD
BOWELD Truck Bodies Ltd.
F. X. MEILLER Fahrzeug- und Maschinenfabrik-GmbH & Co KG
Within the scope of the strategic business development, F. X. MEILLER Fahrzeug- und Maschinenfabrik-GmbH & Co KG headquartered in Munich acquired 100% of the shares of BOWELD Truck Bodies Ltd. headquartered in Holywell (Great Britain). The transaction offers MEILLER on the one hand access to the attractive UK market and allows BOWELD on the other hand to expand their product portfolio. George and Austen Boden, the former managing shareholders stay with BOWELD as managing directors and will further develop the Company as part of the MEILLER Group.
We acted as the exclusive financial advisor to the buyer. Our services comprised the supporting of the acquisition process, including company valuation and the negotiations up to the point of execution.
“With their excellent know how, reputation and loyal customer base BOWELD provides us with excellent access to the UK’s strong tipper market. It will serve as a strategic platform to expand our business and consolidate our position as European market leader. BOWELD’s products are a great fit with our portfolio. Furthermore we very much welcome the decision of George and Austen Boden to stay on board as directors and to join the MEILLER management team.”
Dr. Daniel Böhmer
The family owned company MEILLER is a system partner for the construction and waste industry. At the sites in Germany, the Czech Republic, Austria, France, Poland and Russia MEILLER manufactures tippers, tipping trailers, hook lifts, skip handlers and hydraulic systems for the segments constructions logistics and waste management, combined with a large portfolio of vehicle equipment. The sourcing of body work and hydraulic equipment from one provider is unique in Europe.
BOWELD is leading in design and manufacturing of steel tipping bodies in a registered design and auxiliary equipment and has several customers in the commercial vehicle industry in the United Kingdom.
“We deliberately chose MEILLER because of their excellent market reputation and their reliability in the long term. MEILLER will make additional investments and ensure the future development and long term success of BOWELD.”