GHH Radsatz

Germany SC Fund III Sep 2005
European high-end supplier of train wheels
Company Name:GHH Radsatz
Sector:Metal treatment
Sales:€ 219m (2009)
Date of investment:Sep 2005
Deal Type:MBO
Syntegra Role:Sole investor

business description

  • GHH is a European high-end supplier of train wheels. The company manufactures train wheels, wheelsets and reconditioned wheels to the major European train and tram operators
  • In January 2008, GHH bought Valdunes, the leading French manufacturer of wheels and wheelsets
  • GHH-Valdunes dominates the segments of high speed train (ICE, TGV, Thalys, Eurostar) as well as trams
  • GHH-Valdunes operates 4 industrial facilities in France (Dunkerques and Valenciennes), Germany (Oberhausen) and Belgium (Liège)

transaction strategy

  • GHH is a long established company (1787) with proven business model and strong cash generation which formed part of larger conglomerates for a long time. Now the company is in the centre of shareholder focus and will received all support needed to develop its business and to play a leading role in the expected consolidation in the European train wheel manufacturing industry.