Maj Invest exits J. Hvidtved Larsen A/S to Bucher Industries AG

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Clearwater International Denmark acted as financial advisor to the Private Equity Group Maj Invest (and the joint shareholders) in the divestment of J. Hvidtved Larsen A/S to Bucher Industries AG. Maj Invest acquired J. Hvidtved Larsen in 2006.

Bucher Industries is a global technology group with leading market positions in speciality areas of mechanical and vehicle engineering. The company’s operations include specialised agricultural machinery, municipal vehicles, hydraulic components, manufacturing equipment for the glass container industry and for wine and fruit juice production, as well as automation technology. The group’s shares are traded on the SIX Swiss Exchange (SIX: BUCN).

“J. Hvidtved Larsen is a great example of a Danish industrial company which has managed to be in front of the global market while having production firmly rooted in Denmark. It has an extremely focused international setup for a company of its size, an innovative mindset, excellent technological development and a strong customer orientation. Maj Invest likes the characteristics of a company like J. Hvidtved Larsen and it has been a good investment for us.” 

Niels Toft, Partner, Maj Invest

“J. Hvidtved Larsen’s innovative sewage cleaning technology complements Bucher Municipal’s product range perfectly. We are now joining forces with the strong and dynamic team in J. Hvidtved Larsen to expand our presence on the global market.”

Jacques Sanche, CEO, Bucher Industries

 “J. Hvidtved Larsen, a company which celebrated its 100-year anniversary in 2015, has from 2011-2015 grown with 19% CAGR to total sales of €46m in 2015 – largely attributable to increasing exports to the UK market and recent penetration in the US. Clearwater is delighted and proud to have advised the joint owners in the sale to Swiss Bucher Industries AG.
The interest from potential buyers to acquire J. Hvidtved Larsen was significant from both global industrial players and private equity investors. We are certain that J. Hvidtved Larsen and Bucher Municipal will share a great future together, and we wish them all the best in creating the world’s leading sewage cleaning truck manufacturer.” 

Carsten Rydahl Simonsen, Associate Partner, Clearwater International