Seller Veissman Group
Target Veissman Group
Deal Type Mergers & Acquisitions
Buyer Hitachi Zosen Inova
Transaction Description

HZI has entered into an agreement with Viessmann Group to acquire the business activities of two entities of the Schmack Group (Schmack), Schmack Biogas Service GmbH and microbEnergy GmbH on 9th July 2021. The final closing is expected after formal approval by the regulatory authorities. By this date, the business activities of the Schmack entities will be transferred to HZI and the entire workforce will become part of the HZI Group.

Schmack specialises in the engineering, construction, maintenance, technical services and operation of wet fermentation plants. In addition, the product and service portfolio includes retrofitting and modernising biogas plants, advisory services to biogas plant owners in the field of feedstock solutions, and a power-to-gas process for biological methanation.

Schmack Biogas Service and microbEnergy are leading, well-established companies in the German biogas market. HZI will value this positioning and leverage it going forward to support the development of their products and services in the reference markets. With Schmack joining the group, the Swiss cleantech company HZI will considerably increase its presence in the biogas market. The addition of Schmack’s capabilities will enable HZI to match customer needs, whether industrial, municipal, agricultural or financial, across the entire value chain and for all possible feedstock.

Industry Sector
ICFG Office

ICFG Switzerland advised on the acquisition of two entities of the Viessmann Group by Hitachi Zosen Inova

Transaction Details

ICFG member based in Switzerland, A. Vaccani&Partners (“AVP”), has advised Swiss-Japanese cleantech company, Hitachi Zosen Inova (“HZI”) on its acquisition of Schmack Biogas Service GmbH and microbEnergy GmbH, both headquartered in Schwandorf, Bavaria, by the end of 2021.