Muhr und Bender KG completed the acquisition of Industria Auxiliar Alavesa, S.A. and EDAI-Engineering dev for Automotive Industry,SL from Tubos Reunidos SA, Ezten, FCR, fund of Gestión de Capital Riesgo del País Vasco, SGEIC, S.A and other shareholders.
July 28, 2016
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Muhr und Bender KG signed a binding agreement to acquire Industria Auxiliar Alavesa, S.A. and EDAI-Engineering dev for Automotive Industry,SL from Tubos Reunidos SA (BME:TRG), Ezten, FCR, fund of Gestión de Capital Riesgo del País Vasco, SGEIC, S.A. and other shareholders for €33 million on June 21, 2016. Tubos Reunidos sold 50% stake and Gestión de Capital sold 20% stake in Inauxa and EDAI. Tubos Reunidos received €16.5 million, while GCRPV €6.6 million. Inauxa had €55 million revenue in 2015. The completion of the transaction is subject to the regulatory approval of the relevant antitrust authorities, whose resolution is expected in the forthcoming weeks. IMAP M&A Consultants AG acted as a financial advisor to Muhr und Bender KG. Pkf Attest Servicios Empresariales Sociedad Limitada acted as accountant to Tubos Reunidos SA. Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor to Tubos Reunidos. Inge Zubiaur Mirantes of cuatrecasas acted as legal advisor to Tubos Reunidos
Muhr und Bender KG completed the acquisition of Industria Auxiliar Alavesa, S.A. and EDAI-Engineering dev for Automotive Industry,SL from Tubos Reunidos SA (BME:TRG), Ezten, FCR, fund of Gestión de Capital Riesgo del País Vasco, SGEIC, S.A and other shareholders on July 29, 2016.
Tubos Reunidos SA is a Spain-based company primarily engaged in the steel industry. The Company specializes in the production, distribution and sale of seamless pipes used in the chemical, petrochemical, automotive, gas and construction industries. The Companyâs facilities include steel mills, as well as three production plants, which are located in Amurrio, Pamplona and Trapagaran. The Company owns such fully consolidated subsidiaries as Productos Tubulares SAU, Tubos Reunidos Industrial SLU, Aceros Calibrados SA (ACECSA), Aplicaciones Tubulares SL (ATUCA) and Tubos Reunidos America Inc, among others.
Muhr und Bender KG completed the acquisition of Industria Auxiliar Alavesa, S.A. and EDAI-Engineering dev for Automotive Industry,SL from Tubos Reunidos SA, Ezten, FCR, fund of Gestión de Capital Riesgo del País Vasco, SGEIC, S.A and other shareholders.
TUBOS REUNIDOS, S.A. 
