BAVARIA Industries Group AG, Munich, is selling the holding Austria Druckguss GmbH & Co. KG (ADG) to the Chinese Zhongding Group

BAVARIA Industries Group AG, Munich, is selling the holding Austria Druckguss GmbH & Co. KG (ADG) to the Chinese Zhongding Group. In 2016, the holding generated turnover of approximately EUR 30 million by producing aluminium die-cast components for the automotive industry. The sale lays the foundations for ADG to continue growing. Part of the proceeds from the sale will be paid into an escrow account – most of the rest will be directly available to strengthen the BAVARIA Industries Group’s capital base.

BAVARIA Industries Group AG received financial advice on the transaction from Mummert & Company and legal advice from ZIRNGIBL LANGWIESER. 

BAVARIA Industries Group owns 10 European companies with around 6,300 employees. The Munich-based industrial holding company is majority-family-owned and follows a long-term investment strategy.

The Zhongding Group is a leading Chinese automotive supplier with turnover of over USD 1.3 billion. The company’s takeover of Austria Druckguss represents the unaltered continuation of its growth in Europe. 

To find out more about BAVARIA Industries Group AG, please visit our website at www.baikap.de.

If you have any further questions, please contact:

BAVARIA Industries Group AG
Reimar Scholz
Bavariaring 24
80336 Munich
Germany

Tel.: + 49 - (0)89/ 72 98 967-0 
Fax: + 49 - (0)89/ 72 98 967-10
Email: info(at)baikap.de