HGG Group was sold to management
HGG Group’s main shareholder sold a 70% shareholding to management. Through this acquisition, financed by ING Bank, management increased its shareholding in HGG.
HGG, founded in 2004, develops and manufactures machines for 3D-cutting of steel tubes, profiles and beams. In addition, the company performs cutting jobs in its international service centres. HGG is active worldwide and operates facilities in the Netherlands, Germany, the United Kingdom, Philippines, China, India and the United States. The company has around 100 employees.
PhiDelphi Corporate Finance acted as advisor to the seller.