Storskogen acquires industrial maintenance specialist Hans Kämmerer GmbH in Germany

Livingstone Partners is pleased to announce it has advised the family owners of Hans Kämmerer GmbH (“Hans Kämmerer” or “the Company”) on the sale of a majority shareholding in the company to Storskogen Group (NASDAQ: STOR-B). Livingstone acted as the exclusive financial advisor.

Storskogen has acquired a majority stake in Hans Kämmerer GmbH from Wachtendonk in North Rhine-Westphalia. Hans Kämmerer GmbH manufactures and repairs wear and spare parts and complete components, primarily for the steel industry and metal processing industries as well as the chemical and paper processing industries.

The Company specializes in maintenance, joint, and build-up welding and surface coating utilizing arc and flame spraying against wear and corrosion and manufactures wear and spare parts as well as complete components for the steel, aluminum, copper, cement, and chemical industries as well as for the paper processing industry.

Hans Kämmerer GmbH employs around 100 people on the Dutch border and generates around EUR 12M (USD 13M) in 2021.

To secure future growth and development for the Wachtendonk location, the Kämmerer family decided to look for a structured succession solution at an early stage.

“Following today’s 3rd generation, there will be no more potential successors from the following 4th generation. Our father, Hans Kämmerer, will leave the Company as a shareholder when Storskogen joins. We are pleased to have found a long-term new owner in Storskogen with whom we can continue our previous successful course. My brother Nicolas, Co-CEO and Commercial Director, and I will remain with a significant minority stake in Hans Kämmerer GmbH and continue managing the company. In the coming years, we will work with Storskogen to gradually expand our management team,” shared Johannes Kämmerer, Co-CEO and Technical Director of Hans Kämmerer.

Lars Nottehed, Managing Director of Storskogen Germany, views Hans Kämmerer GmbH, with its skills in the field of maintenance, as an ideal addition to Storskogen’s industrial activities in Germany and Europe. He commented, “We warmly welcome the entire Hans Kämmerer team to the Storskogen family and we are delighted about the cooperation.”

Storskogen acquires, supports, and develops well-managed small and medium-sized enterprises within the industrial, trade, and service sectors in the Nordic countries, DACH region, and the United Kingdom.

“We are glad to have assisted the Kämmerer family with the implementation of their long-term succession plans,” added Jochen Hense, Partner at Livingstone Partners. “In our view, the ideal partner has been found with the international Storskogen Group, who appreciates the Hans Kämmerer culture as a family business and ensures a stable, sustainable future development of the company through continuity in the top management.”