Livingstone advises GVA on sale to Wilo Group
Livingstone’s Industrial sector team has advised the shareholders of GVA Gesellschaft für Verfahren der Abwassertechnik mbH & Co. KG, a specialist for processes and technologies for the biological treatment of industrial and municipal wastewater, on the sale of the business toto WILO SE. GVA has been operating in the international wastewater market for more than 30 years and has a worldwide reputation as a reliable partner for municipal and industrial wastewater treatment.
The current Managing Director René Brunßen will continue to manage GVA as part of the Wilo Group. WILO is one of the world’s leading premium providers of pumps and pump systems for the building technology, water supply and wastewater disposal and industrial sectors. The company was founded in 1872 as a copper and brass goods factory, and has evolved from a local specialist to a global player.
With its majority holding of approximately 90 percent of the share capital, the acquisition ensures GVA’s continuity and independence, operating un the umbrella of the Wilo Group.
Oliver Hermes, CEO of WILO SE, commented: “The acquisition of GVA is an important step in expanding WILO’s activities in the wastewater sector. Innovative wastewater treatment requires extensive experience, resources and environmentally friendly technology and GVA has an excellent reputation regarding their extensive know-how in process and system technology as well as professional advice on the design and execution of all forms of biological wastewater treatment.”
Thomas Salomon, representative of the former majority shareholder R&W Industriebeteiligungen GmbH, said: “We are very happy with the achieved result and we would like to thank the Livingstone team for their comprehensive advice and guidance throughout the entire sale process.“
Johannes Faber, Associate Director at Livingstone Düsseldorf, adds: “We are very confident that under the umbrella of its new strong strategic partner Wilo, GVA will continue to develop, gaining access to new international markets.”
