Herter & Co. – A Teneo Company – has successfully advised Turck Holding GmbH (“Turck”) on securing its new group financing. With this new financing, the global provider of automation solutions strengthens its financial foundation and positions the company for future growth.
Christian Pauli, Managing Director of Turck Holding GmbH, commented: “The new financing represents a significant milestone for us and is the result of extensive collaboration over the past months. It will allow us to pursue future growth and provides us with the necessary flexibility and financial stability for the next few years. Herter & Co. supported us throughout the entire process – from structuring the financing to selecting and approaching suitable financing partners, and ultimately facilitating successful contract negotiations.”
The new credit facility is backed by a club of twelve banks.
Turck is a globally leading partner for automation solutions and a pioneer in Industry 4.0 and IIoT. With a network of over 30 subsidiaries, representatives in more than 60 countries, and approximately 4,000 employees, the family-owned company supports companies worldwide in the digitalization of production processes. As a specialist in smart sensors and decentralized automation, Turck delivers innovative solutions that enhance the reliability and efficiency of modern production systems.
Herter & Co. – A Teneo Company – acted as sole debt advisor to Turck.
