H+H International A/S’s acquisition of German and Swiss silicate unit business from HeidelbergCement


Ashurst advised leading aircrete manufacturer H+H International A/S and its German subsidiary H+H Deutschland GmbH (H+H) on the acquisition of HeidelbergCement Group’s German and Swiss silicate unit business (HDKS).

The enterprise value of the transaction amounts to about €110 million. Closing is expected in the first quarter of 2018.

With the acquisition, H+H will increase revenue by DKK500 million and EBITDA by DKK100 million and become the second largest European producer of calcium silicate units, focusing on the fast-growing high-rise segment. The strategic acquisition has an excellent geographic fit with H+H’s present business and will supplement H+H’s existing product offering.

Ashurst’s multi-practice team was led by Munich-based corporate partner Holger H. Ebersberger (picture), comprising partners Dr Maximilian Uibeleisen (environmental law), Dr Martin Bünning (tax, both Frankfurt) and Ute Zinsmeister (antitrust, Munich).

They were assisted by associate Nicole Kaps (Munich), counsel Dr Philip Cavaillès, senior associate Dr Ian M. Maywald and associate Jan Ischreyt (all Corporate); senior associate Dr Maria Held and associate Franziska Sauer (Antitrust); counsel Dr Karsten Raupach (Finance); Frankfurt: counsel Dr Marius Fritzsche and senior associate Juditha von der Heydt (Employment); Frankfurt: senior associate Michael Mehler and associate Sven Nickel (Real estate); associate Simon Groneberg (Environmental law); and associate Philipp Lorberg (Tax).

Involved fees earner: Holger Ebersberger – Ashurst; Nicole Kaps – Ashurst; Philip Cavaillès – Ashurst; Ian Maywald – Ashurst; Jan Ischreyt – Ashurst; Maximilian Uibeleisen – Ashurst; Simon Groneberg – Ashurst; Martin Bünning – Ashurst; Philipp Lorberg – Ashurst; Ute Zinsmeister – Ashurst; Maria Held – Ashurst; Franziska Sauer – Ashurst; Karsten Raupach – Ashurst; Marius Fritzsche – Ashurst; Juditha von der Heydt – Ashurst; Sven Nickel – Ashurst; Michael Mehler – Ashurst;

Law Firms: Ashurst;

Clients: H+H International A/S ;