Deal Announcement 09/25: Industrial Products / Engineering & Construction

The Deal

The PwC M&A team is pleased to announce the successful sale of Stürtz Group (“Stürtz”) to Voilàp Group (“Voilàp”). 

Stürtz is a leading global supplier of machinery and automation solutions for the production of PVC windows. Due to the current downturn in international construction markets, Stürtz had to file for insolvency in July 2025. The attorneys at law Jens Lieser and Dr. Alexander Jüchser (LIESER Rechtsanwälte) were appointed as (preliminary) insolvency administrators and initiated a structured, international M&A process which was led by PwC M&A. Voilàp, an Italian industrial group, which includes renowned companies specializing in the development, production, and distribution of systems and technologies for processing materials such as aluminum, light metal, PVC, and steel acquired Stürtz Group. Almost all employees and the main international subsidiaries were taken over.

PwC advised the insolvency administrators and Stürtz with its in-depth distressed M&A and Industrial Automation & Machinery expertise. Stürtz has attracted significant interest both from strategic as well as financial investors in Europe and also globally. Despite the very ambitious timeline, PwC was able to keep a fierce competition between several interested investors until the signing of the transaction within only six weeks. Voilàp finally convinced the sellers with the most attractive overall offer. The deal was closed on 16 September 2025.

Stürtz Group

Stürtz is a leading supplier of machines and automation solutions for plastic and aluminum window manufacturing. Founded in 1946 and based in Neustadt/Wied-Rott, the group stands for technical innovation, user-oriented solutions, and comprehensive service. With an international sales network, its own branches in Canada, Poland, the United Kingdom, and the USA, and more than 350 employees, Stürtz offers precision technology “Made in Germany” worldwide.

Voilàp Group

Voilàp is a multinational group that develops and manufactures systems for smart industry and smart cities based on interconnected hardware and software elements for data collection and management. As a global leader in the development and manufacture of machines for processing materials used in smart and sustainable buildings (aluminum, PVC, steel, and glass), Voilàp serves the construction market (smart buildings) and industry (aerospace, rail, automotive, lighting technology, renewable energy sources, furnishings, etc.). With solutions in the field of the Internet of Things, the company offers the expertise developed in the smart industry to transform traditional business areas such as retail, real estate, DOOH (digital out of home), and logistics. With 1,600 employees, Voilàp is present in over 60 countries worldwide and achieved consolidated sales of €350 million in 2024.

LIESER Rechtsanwälte

LIESER Rechtsanwälte is a leading law firm in the field of insolvency administration, restructuring, and reorganization. From 15 locations, including Koblenz, Mannheim, Saarbrücken, Bonn, Mainz, Frankfurt am Main, Darmstadt, Cologne, and Trier, the firm handles mandates of all sizes and across all industries. In over 3,000 corporate insolvency proceedings, LIESER Rechtsanwälte has successfully demonstrated its expertise in the continuation and reorganization of companies.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 370,000 people in 149 countries. Our global network comprises over 2,900 M&A professionals all over the world, realising approx. 400 successful transactions per year. Our Distressed M&A team led by Timo Klees (Partner) is market leading in Germany and has successfully advised on more than 80 transactions out of special situations and insolvency situations in recent years. Latest transactions include among others Manz AG, Ziegler Group, Nobiskrug, Flensburger Schiffbau-Gesellschaft, Auto-Kabel, hubergroup, EEW Erndtebrücker Eisenwerke, Pfeifer Group, Tennis-Point and Ludwig Pfeiffer.

The German PwC M&A team included Timo Klees (Partner), Alexander Knögel (Partner), Fabian Dalka (Director), Matthias Friedl (Senior Manager), Jan Bich (Senior Associate) and Jan Klaus (Senior Associate).