Proventis Partners advised Bilfinger SE on the sale of Bilfinger GreyLogix Aqua GmbH to SCIO Automation Group.

Hamburg, February 9, 2021 – SCIO Automation GmbH (“SCIO”), a portfolio company of the funds advised by Quadriga Capital Eigenkapitalberatung GmbH, acquired Bilfinger GreyLogix Aqua GmbH (“Aqua”), a subsidiary of Bilfinger GreyLogix GmbH.

About the transaction

SCIO acquires all shares of Aqua from the previous main shareholder Bilfinger GreyLogix GmbH. The two managing partners of Aqua will remain shareholders in the company. The company will operate under the brand name VESCON AQUA GmbH and will be integrated into SCIO.

With the takeover of the company, SCIO expands its customer portfolio and enters into new sectors. At the same time, it strengthens its automation and programming know-how in the process technology environment and sets the course for further growth in a future-oriented and sustainable environment such as drinking water treatment and wastewater systems.

“With this transaction we are strengthening our automation technology service portfolio and are expanding our customer base into a very homogeneous and stable market environment. With our extensive knowledge and experience in all areas of process technology, we want to support Aqua’s management team in continuing the company’s long-term growth trajectory,” says Michael Goepfarth, managing director of SCIO Automation.

Role of Proventis Partners

Proventis Partners advised Bilfinger and the two managing partners during the entire M&A process. The services included the preparation of the entire transaction documentation, the identification and approach of suitable investors, the coordination of the due diligence and the commercial negotiation of the transaction.

About Bilfinger GreyLogix Aqua GmbH

Aqua was founded in 1998 by Olaf Kremsier and has been part of the Bilfinger Group as a subsidiary of Bilfinger GreyLogix GmbH since 2013. The company focuses on PLC and process control technology for drinking water and wastewater treatment plants, mainly for customers in the public sector. Aqua acts as a system integrator with a focus on project management and specialized automation and programming services. Across its seven locations, Aqua ensures highest service levels and customer service.

About SCIO Automation Group

SCIO Automation GmbH was founded as a medium-sized platform in the field of Industrial Automation Technology as well as complementary value-added Services in January 2019. It comprises niche specialists with decades of experience in their respective fields of activity. Customers come from the Automotive, Intralogistics, Chemical, Clean Rooms and Electronics, Life Science and Medical Technology industries as well as Energy and Environmental Technology sectors.

About Proventis Partners

Proventis Partners is a partner-managed M&A advisory firm whose clients include mainly corporate groups, medium-sized family businesses and private equity funds. With 30 professionals, Proventis Partners is active in the sectors Industrials (notably Advanced Materials), Business Services, Consumer & Retail, TMT, Healthcare and Energy, and covers the German-speaking region with offices in Zurich, Hamburg, Cologne, and Munich. Through its exclusive membership in Mergers Alliance – the international partnership of lead- ing M&A specialists – Proventis Partners offers local market coverage in the 30 most important economies globally. The 20 members of Mergers Alliance, with more than 200 M&A professionals, offer Proventis Partners and our clients unique access to local markets in Europe, North America, Latin America, Asia and Africa.