Our Investment Banking team acted as a sell-side advisor to Đuro Đaković TEP in the strategic sale to Austria-based technology group Andritz Group. Within the reputable Andritz group, ĐĐ TEP is bound for stronger expansion in new markets and further development of its portfolio of products and services.

Đuro Đaković Termoenergetska postrojenja Ltd is the regional leader in the segment of thermal energy solutions with a 100-year tradition based in Slavonski Brod. Vertically integrated company with a globally renowned track record in the production of boilers and pressure parts, an increasingly recognizable provider of full EPC and O&M solutions for cogeneration plants. Its tradition, proven quality and recognized know-how enabled it to focus predominantly on export markets, especially to the most competitive ones such as France, UK, Belgium and Scandinavia. Đuro Đaković has strategic importance for the local economy, being one of the largest companies in terms of revenue and employees.

ANDRITZ is an international technology group providing plants, systems, equipment, and services for various industries. The company is one of the technology and global market leaders in the hydropower business, the pulp and paper industry, the metal working and steel industries, and in solid/liquid separation in the municipal and industrial segments. The listed Group is headquartered in Graz, Austria. Since its foundation 170 years ago, ANDRITZ has developed into a Group with approximately 27,900 employees, and more than 280 locations in over 40 countries worldwide. ANDRITZ is also a long-term client of ĐĐ TEP thus acquainted with the quality and growth potential of ĐĐ TEP.