DC Advisory acts as exclusive advisor to Peinemann on the sale of its Container Handling and Port Services activities to Konecranes

Background

• Peinemann, established in 1954 in Rotterdam in the Netherlands, is one of North West Europe’s largest privately held rental and sales organisations for B2B equipment. The company has four main product groups: Aerial Work Platforms, Forklifts, Cranes and Container Handling Equipment

• The Container Handling activities involve full-service heavy equipment leasing for container stacking and offloading, and provides end-to-end equipment solutions for port and domestic terminals with 24/7 support. Selected products offered to clients include reach stackers, empty handlers and terminal tractors

• Additionally, Peinemann offers a wide range of maintenance and project management solutions tailored to the unique needs of port operators. In this capacity, the business manages the maintenance of 500+ machines across the Benelux region

• Konecranes is a Finland headquartered and global provider for lifting equipment and service solutions, specialising in container handlers, cranes, hoists, and maintenance services for ports and industry. Konecranes is a longstanding supplier of equipment to Peinemann

Process

• DC Advisory acted as exclusive financial advisor to Peinemann on the carve-out and ownership transition process
• Following a strategic review of the Peinemann business portfolio, the Container Handling business and related Ports Services activities were defined as non-core
• Several options were subsequently considered with the principal objective to further strengthen Peinemann's strategic market position for the benefit of all stakeholders involved
• As part of the exit process, DC Advisory provided comprehensive sell-side advisory services, including overall transaction design, preparing the related marketing materials, financial modelling and support to the ultimate negotiations of transaction documentation

Outcome

• Under the terms of the transaction, Konecranes will fully acquire the Container Handling and Port Services activities  
• The acquisition aims to enable Konecranes to expand its footprint in the Benelux region, particularly in the Port of Rotterdam, enhance its product and services capabilities, and unlock operational synergies
• Completion of the acquisition is subject to customary approvals, and is expected in Q4 2024
• The transaction emphasizes DC Advisory’s distinctive value proposition by effectively combining local proximity with global sector expertise and access. An international team with representatives from Asia, France and UK supported the Benelux team