25.2.2019

LINDE + WIEMANN forms partnership with Indian JBM Group

LINDE + WIEMANN further strengthens its global market position through the formation of a partnership with Neel Metal Products Limited (NMPL), Delhi, India, a company of JBM Group. 

On 22th February 2019, NMPL has joined LINDE + WIEMANN Group as a 50% shareholder through a significant capital increase. 

Ulrich Schoof, Chief Executive Officer of LINDE + WIEMANN, on the partnership: “JBM is a highly complementary partner for us with respect to customers and technologies as part of the global automotive market. The use of joint potentials is an essential motivation for the new partnership. Through the new business model, LINDE + WIEMANN will be able to unlock substantial growth by the adaption of product competencies in the area of chassis and suspension. Furthermore, LINDE + WIEMANN will extend its holistic system understanding in the field of e-mobility through the exchange with JBM’s electrical bus division.”

Nishant Arya, Executive Director of JBM Group, on the investment in LINDE + WIEMANN: “This business activity is a strategic fit perfectly in sync with our existing scope of operations and solutions and will also further consolidate our global footprint. Both entities together will bring forward an impeccable combination of frugal engineering and world class technology. JBM and LINDE + WIEMANN will together focus on developing new products that contribute towards improving the safety and performance of vehicles through light-weighting, thereby increasing the product quality and minimizing the time to market for OEMs, making it an integrated one-stop solution.”

By leveraging the complementary strengths of LINDE + WIEMANN and JBM Group, the partnership allows for the realization of synergies thereby promoting and increasing the Group’s long-term competitiveness. In addition, the capital contribution further supports LINDE + WIEMANN’s with financial strength for dynamic growth while enhancing its ability to meet the future challenges in the automotive industry. 

Together, LINDE + WIEMANN and JBM will represent a major player within the global automotive industry.

Metzler Corporate Finance acted as exclusive financial advisor to LINDE + WIEMANN on this transaction.

About LINDE + WIEMANN


LINDE + WIEMANN, based in Dillenburg, Germany, is a leading supplier of lightweight structural and safety components to the global automotive industry. It is well-known for quality, famous for lateral thinking and appreciated for values. As an owner-managed, medium-sized company, LINDE + WIEMANN is a strong partner to leading OEM customers as well as first tier suppliers and managed to establish quality and trust as a synonym for its name. With 17 production sites worldwide, LINDE + WIEMANN operates a significant global footprint, generating sales of more than EUR 600 million.

About Neel Metal Products Limited and JBM Group


NMPL is part of the Indian JBM Group, an industrial conglomerate with revenues exceeding USD 1.5 billion and activities across vehicles, renewable energy, construction, railway and engineering and design services. In the vehicle segment, the Group offers a comprehensive portfolio of safety-critical assemblies and systems to many automotive and commercial vehicle OEMs. JBM Group currently operates 40 manufacturing plants and four engineering and design centers across 18 locations.

About Metzler Corporate Finance


Metzler Corporate Finance specializes in independent transaction advice for corporations, shareholders and private equity investors. Our services include advice on M&A and capital market transactions, and support for companies in restructuring and special situations ("distressed M&A").


Press contact

 

Jörg-Matthias Butzlaff, Leiter Unternehmenskommunikation, Pressesprecher
Jörg-Matthias Butzlaff

(+49) 69 2104-4975

MButzlaff@metzler.com

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