Saltar al contenido

Clairfield International advises EMK Capital and Williams Grand Prix Engineering on sale of Williams Advanced Engineering to Fortescue Metal Group (ASX:FMG)

Williams Advanced Engineering (WAE) a leading technology and engineering services business was acquired for GBP 164 million by Fortescue Metals Group (ASX.FMG).

EMK and Williams Grand Prix Engineering Limited sold Williams Advanced Engineering (WAE), a leading technology and engineering services business, for GBP 164 million to Fortescue Metals Group (ASX:FMG). Clairfield International in London (Dial Partners) acted as sole financial advisor to EMK and Williams Grand Prix Engineering Limited on the sale. This follows the 2020 acquisition of a controlling interest in WAE by EMK, also advised by Dial Partners.

Founded in 2010 as part of the Formula 1 motorsports business Williams Grand Prix Engineering, today WAE is a technology and engineering services business. Williams Advanced Engineering provides world class technical innovation, engineering, testing and manufacturing services to deliver energy efficient performance to customers across all sectors.

Fortescue is an Australia-based mining company with a market capitalization of AUD 66 billion. Established in 2003, with mining hubs and haulage infrastructure based in Western Australia, Fortescue is one of the world’s largest producers of iron ore. Through Fortescue Future Industries (FFI), its renewable energy and technology division, Fortescue is establishing a global portfolio of green hydrogen operations to replace its mobile diesel fleet by using hydrogen energy and electric battery solutions.

The acquisition of WAE provides critical technology and expertise in high-performance battery systems and electrification to support the decarbonization of Fortescue’s mining operations. Together, Fortescue and WAE will develop electric battery solutions for Fortescue’s rail, mobile haul fleet and other heavy mining equipment to accelerate the achievement of Fortescue’s environmental targets, in addition to growing WAE’s world-leading technology and engineering business.

Industrials

Drapeau Australia Drapeau UK

Sale

Advisor to the seller

Sectors :

Industrials

Countries involved :

Australia
UK

Deal team :

Similar transactions

The Finnish state sold its 85% share in Raskone Ltd, while Governia sold the remaining 15%, to Lease Deal Group Plc., a Finnish conglomerate.

Industrials

Drapeau Finland

Sale

Advisor to the seller

One of the leading players in the tire industry in Norway, RAC Tyres, consisting of Dekk1 and Gummi Centralen, was acquired by Nordic Tyre Group AB (NTG) / Altor.

Industrials

Drapeau Norway

Sale

Advisor to the seller

Aussie Traveller, seller of RV components and accessories to OEM, trade and retail customers, was acquired by midmarket investment firm Seneca Capital.

Industrials

Drapeau Australia

Sale

Advisor to the seller

The shareholders of Vittoria Group, a world leader and innovator among the manufacturers of high‐quality bicycle tires, sold their 100% stake to Wise Equity.

Industrials

Drapeau Italy

Sale

Advisor to the seller

Flèche vers la gauche
Flèche vers la droite