Renk Aktiengesellschaft (DB:ZAR) agreed to acquire Horstman Holdings Limited in January 2019. Horstman Holdings will continue to be operating as an independent company. The transaction was completed following regulatory approvals including CFIUS in the United States, German and Austrian merger control. Horstman Holdings reported £25 million (€27.83 million) of turnover in the year 2018. Richard Wrigley of Shakespeare Martineau LLP acted as legal advisor and Philpott Ball & Werner, LLC acted as financial advisor to Horstman Holdings. Renk Aktiengesellschaft (DB:ZAR) completed the acquisition of Horstman Holdings Limited for €44.4 million on April 16, 2019. The consideration has been paid in cash.