Grant Thornton advises GT Group Limited GT Group Limited has been sold to Knorr-Bremse

June 2016
GT Group
Adviser to GT Group Limited on their sale to Knorr-Bremse AG
£undisclosed
Grant Thornton team
Industrials
Sell side
Corporate finance
Germany
UK

We are delighted to have advised GT Group Limited on their sale to Knorr-Bremse.

Based in the North East of England, GT Group is a world leading product development company in the field of environmental engineering, supplying a broad range of innovative environmental and safety-critical products, services and solutions to some of the largest companies in the world in in the automotive, oil & gas, petrochemical and construction equipment industries. 

GT Emission Systems, the largest division of the Group, is a market leader in the design and manufacture of exhaust gas emissions control systems supplying major automotive OEMs globally. 

Having established and grown the business over 35 years, Geoff Turnbull, the founder and Chairman, engaged us to find a strategic buyer that could support GT Group’s established and experienced management team and to maintain the business's trajectory of growth, including maximising new opportunities across international markets. 

We leveraged their international network and sector expertise to identify a number of strategic acquirers for both the Group as a whole, as well as the 3 divisions. However, ultimately a direct approach from Knorr-Bremse resulted in an off-market deal. 

Having really understood the key value drivers in the business, we played an instrumental role in communicating and presenting the growth opportunities within the multifaceted Group, working with the excellent management team to present the clear opportunities available to the Group over the next ten years. 

We were key to negotiating a deal structure and price that met Mr Turnbull's requirements. 

Duncan Lamb, Corporate Finance Partner, commented: "This was a fantastic deal to be involved in right from the very outset. GT Group really is a leading edge business with world class products that the management team ensure are delivered to the most demanding customers in a consistent and high-quality way. I wish all concerned the very best for a hugely exciting future." 

Testimonials

Through the total sales process, the Grant Thornton team led by Duncan Lamb worked towards reaching a successful conclusion meeting all my aspirations in a very professional and friendly manner. My sincere thanks to all concerned.

Geoff Turnbull MBE Chairman, GT Group Limited

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