Baker & McKenzie Advised the TVH Group on the Acquisition of the France Hayon Group
Baker & McKenzie has advised the TVH Group regarding the acquisition of the France Hayon Group. This acquisition involves the holding company France Hayon Développement (FHD) and its three subsidiaries: France Hayon Service, France Hayon Assistance and Manutest.
TVH is the global leader for delivering spare parts and accessories for handling equipment and internal industrial vehicles, new and second-hand lift trucks, new and second-hand cradle elevators, and storing equipment. The Group employs more than 4,400 people, operates in all global continents, and generated a turnover exceeding 1 billion USD in 2014.
The France Hayon Group is the leader in France for the distribution of all brands of spare parts for elevating tailgates and has a storing reputation for after-sale service for elevating tailgates.
This acquisition will enable TVH to reinforce its position as a market leader of spare parts for elevating tailgates and confirms its objective to become the European leader in the sector.
The M&A team at Baker & McKenzie consisted of: Alyssa Gallot, Partner: Hugo Sanchez de la Espada, Local Partner: and Caroline Chevillard and Yiran Bai, Associates. Olivier Vasset, Partner, Eléonore d’Anthonay, Senior Associate, and Laure Guillot, Associate, dealt with the labor law issues.