Quarton, A Cowen Company advised Max Holder GmbH (“Holder”) and its shareholders on the sale of the Group to Alfred Kärcher SE & Co. KG (“Kärcher”).
With the takeover, Kärcher is strengthening its business with cleaning vehicles which can also be used as multifunctional vehicles in over 200 additional applications, including mowing and clearing snow. The mutual use of existing sales structures in North America and Asia also offers high synergy potential. Kärcher had already acquired an undisclosed stake in July 2019, and now, following a successful due diligence of the company, the complete takeover took place on September 18th.
Max Holder GmbH is one of the leading manufacturers of multifunctional system vehicles. Founded in 1888 in Reutlingen, Baden-Württemberg, the company has a long tradition offering comprehensive solutions and individual services worldwide from a single source together with over 250 sales and service partners. The vehicles are manufactured in Reutlingen by around 180 employees. The company has more than 130 years of company history, is the market leader for multifunctional narrow-track vehicles and covers the complete performance range, with its vehicle portfolio ranging from 40 hp to 130 hp. The relocation from Metzingen to Reutlingen in Autumn 2018 also means that the company now has state-of-the-art production facilities.
The Kärcher family business is one of the world’s leading suppliers of cleaning technology. The family-owned company employs more than 13,000 people in 72 countries and 127 companies. A total of 50,000 service points in all countries ensure a complete customer service worldwide. In 2018, Kärcher achieved the highest turnover in its history with more than 2.525 billion euros.