Gmp Group Acquires Diewe Wheels, Strengthening European Presence
Deal News | May 22, 2025 | Finance Community IT - 3 Private Equity
Gmp Group, under the control of Eulero Capital, has acquired Diewe Wheels, a German partner in the high-quality aluminum components market, particularly in the aftermarket alloy wheels sector. Anassagora Holding, which owns Gmp Italia and Antera, now owns 100% of Diewe Wheels. This acquisition is part of Gmp Group’s broader strategy to strengthen its market position in Europe, following their acquisition of Reedjik, an importer and distributor, in November 2024. The acquisition process was advised by Labs Corporate Finance and facilitated with financial support from Bcc di Brescia and Banca Intesa. Legal advice was provided by Bird&Bird in Germany and Italy, alongside Giulio Antonio Bonadio, with Studio Sonntag & Partner advising the German counterpart. Diewe Wheels has been a prominent distributor in Germany and an essential partner to Gmp over the past 15 years, with its business generating a 17 million euros annual revenue. The acquisition aligns with both companies' long-term objectives of market expansion and brand value growth, as highlighted by leaders from both sides.
Sectors
- Automotive Components Manufacturing
- Private Equity
- Corporate Finance
Geography
- Germany – Diewe Wheels, the target company, is based in Germany and plays a key role in the German aftermarket automotive components sector.
- Italy – Anassagora Holding, the company that acquired Diewe Wheels, and its brands, including Gmp Italia, are based in Italy.
- Netherlands – Reedjik, a company previously acquired by Gmp, is based in the Netherlands, indicating the broader European strategy.
Industry
- Automotive Components Manufacturing – The article deals with the acquisition of Diewe Wheels, a company involved in the design and production of high-quality aluminum components for the automotive industry.
- Private Equity – Eulero Capital, a private equity firm, is involved through its majority stake in Gmp Group, which is the acquiring party in the transaction.
- Corporate Finance – The article highlights the financial advisory roles played by Labs Corporate Finance and other financial institutions in facilitating the transaction.
Financials
- 17 million euros – Annual revenue of Diewe Wheels.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gmp Group | Target | Company | An internationally active company in the design and production of high-quality aluminum components, including alloy wheels for the automotive aftermarket. |
| Anassagora Holding | Buyer | Company | The company acquiring 100% of Diewe Wheels. It holds brands such as Gmp Italia and Antera. |
| Diewe Wheels | Vendor | Company | A longstanding German partner of Gmp Group and significant distributor in the German market. |
| Eulero Capital | Financial Advisor | Company | A private equity firm controlling 51% of Gmp Group, driving the acquisition strategy. |
| Labs Corporate Finance | Corporate Finance Advisor | Company | Advised Eulero Capital and Gmp Group in coordinating the acquisition. |
| Bird&Bird | Legal Advisor | Company | Provided legal advice for the acquirers both in Germany and Italy. |
| Studio Sonntag & Partner | Legal Advisor | Company | Assisted the German counterpart in legal matters. |
| Bcc di Brescia | Financial Institution | Company | Provided financial support for the transaction. |
| Banca Intesa | Financial Institution | Company | Provided financial support for the transaction. |