Reference transaction
Advisor to Global Retool Group GmbH
on the successful restructuring
Saxenhammer exclusively advised Global Retool Group GmbH (‘GRG’) on the successful restructuring.
Headquartered in Lebach (Saarland, Germany), GRG has been active globally for more than 20 years as a system integrator and mechanical engineering specialist. GRG is highly renowned for its strong expertise in complex welding and grinding systems as well as machine retrofitting, overhaul and maintenance for its international customer base. GRG has been present through 8 production facilities in Europe, the US and Mexico, as well as additional subsidiaries in China, operating in 10 independent companies.
Global Retool Group GmbH is essentially a holding company of the subsidiaries SVQ GmbH, WEMA VOGTLAND Technology GmbH, GRG America LLC as well as the brands SIEPMANN, SPICHER, SATEG, LASERplusS, parQing and softQare.
The purpose of Global Retool Group GmbH is mechanical engineering and the conversion and overhaul of machines as well as other mechanical engineering-related services. In addition, the holding and management of investments in companies, including the acquisition and sale of investments in the domestic market and abroad.
The restructuring has been successfully completed with the takeover of GRG's main business activities in Europe and America by the US-based Longo Family.
The American Longo family takes over the business operations and 69 employees of SVQ GmbH from Lebach as well as GRG America LLC with all jobs.