Alantra advised Andlinger & Company on the sale of SUSPA to Pascal Vanhalst

Jul 2018

Sell-side advisory

Alantra has advised Andlinger & Company on the sale of SUSPA, a leading provider of gas springs, dampers and piston rods as well as powered applications and crash management systems. The transaction has already been approved by the authorities.

Supported by Alantra’s local teams in the US and Asia as well as its sector specialists, the deal team ran an M&A and banking education process attracting interest from a number of private equity investors, family offices and trade buyers from Europe, the US and Asia. This transaction is the third time the deal team has sold SUSPA (in 2009 to Tyrol Equity and in 2012 to Andlinger & Company).

SUSPA, headquartered at Altdorf near Nuremberg, Germany, is one of the largest providers of gas springs, hydraulic dampers, friction dampers, height adjustment systems, piston rods and crash management systems. The products are found worldwide in applications in the automotive industry, mechanical engineering, the furniture industry, household appliances, medical technology, and the consumer goods industry. In addition to its German plants in Altdorf and Sulzbach-Rosenberg, SUSPA has additional plants in the Czech Republic, United States, China, and India. In 2017 SUSPA generated revenues of EUR 261m.

Founded in 1976, Andlinger & Company is an international private investment company owned by its partners with operating offices in New York, Vienna and Brussels.

Mr. Pascal Vanhalst is a Belgian entrepreneur known for driving the development of TVH, which he owns with his partners, from a local Belgian spare parts distributor into a global group supplying parts, industrial equipment and rental of aerial work platforms and forklifts. SUSPA will be acquired by Mr. Vanhalst’s private investment arm.