Baker Tilly advises Baettr on the acquisition of the GZO foundry and a cooperation with ENERCON

01/16/2024
Reading time 2 Minutes

The international consulting firm Baker Tilly has advised the Scandinavian company Baettr on the acquisition of the GZO foundry and the conclusion of contracts to enter into a strategic cooperation with ENERCON for future production. The strategic partnership strengthens Baettr’s international position and at the same time makes a positive contribution to sustainable production and employment.

With the acquisition of the foundry GZO Guss-Zentrum Ostfriesland, a premium casting supplier for wind onshore manufacturer ENERCON, Baettr is significantly expanding its global production structure. The aim is to fully integrate GZO’s production site into Baettr’s global production structure, in which extensive investments have already been made in Asia. The acquisition of GZO is a significant and important step to strengthen Baettr’s position in the European market. At the same time, sustainability will be improved and the carbon footprint reduced.

The takeover of the GZO factory came into effect on January 15, 2024. The factory is expected to be fully integrated into Baettr’s existing production structure over the course of the year.

Baker Tilly, headed by Partners Bernhard Rehbein (Corporate/M&A) and Frank Stahl (Financial), advised on due diligence, comprehensive contract drafting and the antitrust filing. Partners Michael Mehler and Hendrik Theismann (both Real Estate), Partner Dr. Stefan Meßmer, Managers Christoph Reinhardt and Armin Mozaffari Jovein (all Antitrust Law), Of Counsel Christian Wilhelm, Senior Manager Bernd Conrad and Manager Konstantin Troll (all Corporate/M&A), Partner Christian Engelhardt (IP), Director Marco Stahn (Labor Law), Partner Friedrich Wamsler and Manager Felix Oberfrank (both Tax) as well as Director Florian Corzilius and Senior Manager Pascal Trilling (both Financial) also provided legal, tax and business advice.