HEGO has been active as an international service center and wholesaler of stainless steel and aluminum for over forty years. The well capitalized group, with revenues of ~EUR. 55m, consists activities as a wholesaler and service center of stainless steel and aluminum. The acquisition by Globitas has given a strong boost to HEGO's growth ambitions. With this new shareholder, the company is entering a new phase with a focus on innovation, digitization and new business models.
Since 1977, HEGO has been active as an international wholesaler and service center in the trade and processing of stainless steel and aluminum. HEGO has a wide range of stainless steel and aluminum sheets and coils in various sizes and alloys, which are available directly from stock. With its own service center (cutting, laser cutting, polishing and decoiling) HEGO guarantees fast customization. Ordered today is often delivered tomorrow.
Globitas acquired Hego because of its attractive risk-reward dynamics and the company’s growth potential. Initially the investment team focused at the a-location of funds and recapitalization of the company. Based on the value-add knowledge and expertise that Globitas brings, the company can achieve its ambitious goals even faster, with the focus on innovation, digitalization and new business models. The company is also focusing at improving the circularity of the industry and the possibility to offer sustainable produced stainless steel and aluminum.
For more information see Hego.
Investment date: October 2021
Ticket size: €10-20m
Type: Equity transaction