BWK buys H&R Industrierohrbau


German private equity house BWK has bought a majority stake in industrial service provider H&R Industrierohrbau GmbH.

H&R was founded in 1999 and specialises in the maintenance and construction of pipelines in production plants.

The business generated sales of just under €16m in 2017, operating through three sites.

“H & R is an excellently positioned company with an excellent reputation.

“We are convinced that we can constructively support the growth course of H&R “, said BWK Director Bernd Bergschneider.

BWK has around €300m of funds under management and is focused on SMEs.

The Stuttgart-based firm is currently investing around €160m in 20 companies.

Copyright © 2018 AltAssets