Founded in 1995 in UAE, Heliocentris offers highly innovative power solutions for critical infrastructures, such as mobile transmission towers, police communication networks amongst others. Based on its fuel cell technology, the ISO 9001 and 14001 certified company Heliocentris provides diesel free and zero emission solutions.
ODASCO is an electric technology specialized company with more than 23 years of experience in the sector, providing turnkey solutions for in industrial electrical and low voltage systems. ODASCO engages in design, supply, inspection, installation, commissioning, training and maintenance support for electrical work, telecommunication infrastructure, industrial automation system, renewable energy, etc..
The CEO of ODASCO, Saad Odeh, commente: “We believe this transaction is an ideal fit to the group strategy of ODASCO, offering an opportunity to create even more viable footprint in Europe”.
Saxenhammer & Co. worked closely with ODASCO’s team and its lawyer throughout the due diligence and contract negotiations in order to ensure that the deal went through under significant time pressure. Following the transaction, Heliocentris’ operations in Munich, Wendlingen and Lavoria will be integrated into ODASCO European entity.
CEO Saad Odeh: “After the acquisition, ODASCO would pursue further expansion in fuel cell infrastructure and project development in this area. There will be a significant synergy between ODASCO and Heliocentris, given ODASCO’s current project pipeline in Kuwait, Iraq, UAE and Indonesia.”
This deal highlights Saxenhammer & Co.’s expertise in sell-side advisory services under time pressure and strengthens its track record relating to complex deal structures cross-border transactions.