Generac Holdings Inc. completed the acquisition of assets of Motortech Gmbh from family shareholders.
January 01, 2017
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Generac Holdings Inc. (NYSE:GNRC) entered into an agreement to acquire assets of Motortech Gmbh from family shareholders on November 28, 2016. The Virchow family and Motortech's current management team will continue to lead the Motortech business after the acquisition is complete. The transaction is subject to regulatory approval and is expected to close in the first quarter of 2017. André Schwanna, Benjamin Büttner, Alexander Täumer, Volker Junge, Slaven Kovacevic, Anna-Lena Haggeney, Stefanie Skoruppa, Soren Pruß, Andreas Hilfrich, Benjamin Schulz, Ulrich Worm, Konstantin von Werder, Ana Hadnes brother, Nicolas Rößler, Jörg Salzmann, Jens Peter Schmidt, Manu Mohan, Paul Crimmins, Betty Tam, Gavin Guo and Frank Qi of Mayer Brown LLP acted as legal advisors for Generac Holdings. Pawel Cholewinski, Adam Piwakowski, Kacper Czubacki, Szymon Galkowski, Edyta Rekawek, Kamil Osinski, Anna Gwiazda and Joanna Ostojska-Kolodziej of Kochanski Zieba & Partners acted as legal advisors for Generac. Michael Kunst of KSB Intax acted as accountant for family shareholders in the transaction.
Generac Holdings Inc. (NYSE:GNRC) completed the acquisition of assets of Motortech Gmbh from family shareholders on January 1, 2017. The deal is approved by the regulatory authority. Generac Holdings spent $76.7 million for the acquisition of Motortech Gmbh and Pramac.
Generac Holdings, Inc. specializes in the design, manufacture and marketing of primary and backup power generation solutions for the residential, commercial and industrial sectors. The group's products include generators, energy storage devices, electricity control systems, electrical equipment, etc. Net sales break down by family of products as follows:
- equipment for the residential sector (51.3%): backup, portable and motorized generators powered by natural gas, propane or fuel, switches, etc.;
- equipment for the industrial and commercial sectors (37.2%): stationary, containerized, industrial and backup generators fueled by natural gas, propane, fuel, etc., advanced systems and energy control software platforms, switches, modular power systems, etc.;
- other (11.5%).
The United States account for 81.4% of net sales.
GENERAC HOLDINGS, INC. 
