TAGS: Industrial Coatings
The asset purchase agreement for the acquisition of the railway coatings business of Beckers Group´s company Becker Industrie SAS, Montbrison (France) was signed on December 9th, 2022.
Strengthening Competitive Position in Europe
After completion of closing conditions, KANSAI HELIOS will acquire all business assets of Beckers in the railway coatings segment, such as recipes and railway homologations and customer database (excluding customers from India and China).
As a part of this transaction, KANSAI HELIOS will establish a new and at the same time its first subsidiary in France, KANSAI HELIOS France SAS. The transaction is expected to close in the first quarter of 2023. This acquisition will be a great step for KANSAI HELIOS to further strengthen its competitive position in the Railway Coatings sector in Europe and worldwide.
The Beckers Group provides, among other products, a wide range of innovative industrial coatings designed to protect railway vehicles and ensure excellent cost-efficiency with long-life durability. The products guarantee the highest quality and environmental protection.
In addition to the proven solvent-borne range, the company also offers a full waterborne range, which meets the most demanding technical requirements. Those product range and technologies will be transferred to KANSAI HELIOS and integrated to the existing portfolio.
Strong Hold on Railway Coatings’ Field
Dietmar Jost, executive director KANSAI HELIOS Group stated, “
For KANSAI HELIOS the Railway Coatings development and production has always been of great importance and we have achieved a strong market position in recent years, being the largest producer of Railway Coatings in Europe with important brands such as Wefa, Rembrandtin and Helios.”
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Since quality, efficiency, and the broad range of color shades, but also highly advanced system solutions have been convincing rail vehicle manufacturers in more than 40 countries worldwide for decades, this particular purchase rounds off the field perfectly. This business acquisition is a further step of KANSAI HELIOS in the Railway Coatings segment,” added Jost.
Christophe Sabas, CEO Beckers Group said, “
This is a strategic deal for both parties. The Railway Coatings business will become an important part of KANSAI HELIOS’ growth strategy, while Beckers will be able to put more energy and resources behind our strategic businesses and new developments. We are very pleased to sell the Railway business to KANSAI HELIOS.”
After closing the process, KANSAI HELIOS France SAS will take over the relevant employees of Becker Industrie SAS in the railway coating business and add further resources, in order to continue the professional service customers are used to on the market, under KANSAI HELIOS.
Source: KANSAI HELIOS