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Press Release:

Saxenhammer & Co. advises on the sale of Heliocentris Group to ODASCO

Saxenhammer & Co. Corporate Finance GmbH ("Saxenhammer & Co.") acted as the exclusive sell-side M&A advisor to the insolvency administrator of Heliocentris Group (“Heliocentris”), Mr. Joachim Voigt-Salus, in connection with the disposal of all assets of Heliocentris Energy Solutions AG, its two German subsidiaries as well as 80% shares of its Italian subsidiary to Odeh Asalem Automation Systems L.L.C ("ODASCO"), based in Dubai. The transaction was successfully closed on January 10th, 2017.

Founded in 1995 in UAE, Heliocentris offers highly innovative power solutions for critical infrastructures, such as mobile transmission towers, police communication networks amongst others. Based on its fuel cell technology, the ISO 9001 and 14001 certified company Heliocentris provides diesel free and zero emission solutions.

ODASCO is an electric technology specialized company with more than 23 years of experience in the sector, providing turnkey solutions for in industrial electrical and low voltage systems. ODASCO engages in design, supply, inspection, installation, commissioning, training and maintenance support for electrical work, telecommunication infrastructure, industrial automation system, renewable energy, etc..

The CEO of ODASCO, Saad Odeh, commente: “We believe this transaction is an ideal fit to the group strategy of ODASCO, offering an opportunity to create even more viable footprint in Europe”.

Saxenhammer & Co. worked closely with ODASCO’s team and its lawyer throughout the due diligence and contract negotiations in order to ensure that the deal went through under significant time pressure. Following the transaction, Heliocentris’ operations in Munich, Wendlingen and Lavoria will be integrated into ODASCO European entity.

CEO Saad Odeh: “After the acquisition, ODASCO would pursue further expansion in fuel cell infrastructure and project development in this area. There will be a significant synergy between ODASCO and Heliocentris, given ODASCO’s current project pipeline in Kuwait, Iraq, UAE and Indonesia.”

This deal highlights Saxenhammer & Co.’s expertise in sell-side advisory services under time pressure and strengthens its track record relating to complex deal structures cross-border transactions.


Saxenhammer & Co. Corporate Finance GmbH
is a leading boutique investment bank with over 15 years of experience focused on special situations in Germany and across continental Europe. Saxenhammer & Co. ranks amongst the top firms in this segment. Special situations are the transactions, which are characterized by complexity, speed and creativity. The objects in the transactions include companies, who look for growth opportunities, secession or external financing in crisis, under (preliminary) insolvency, or in neglected industries. The firm’s track record comprises the execution of over 140 successful transactions across all major industries with a success rate of over 90%. With an international reach through partner firms, Saxenhammer & Co. is engaged in cross-border transactions.

Heliocentris Group
has been divested to
ODASCO
CONTACTS
ON THIS DEAL
Christian A. Saxenhammer
Managing Director
cs@saxenhammer-co.com
Phone: +49 30 755 40 87-12

Tinglian Jiang
Associate
tj@saxenhammer-co.com
Phone: +49 30 755 40 87-18
Saxenhammer & Co. Corporate Finance GmbH

Schumannstraße 18  |  10117 Berlin
T +49 30 755 40 87-0  |  F +49 30 755 40 87-19
info@saxenhammer-co.com  |  www.saxenhammer-co.com
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