• BDO Corporate Finance assisted Hamon in the PPA of Esindus
Case study:

BDO Corporate Finance assisted Hamon in the PPA of Esindus

13 april 2018

Hamon, a Belgium stock-quoted company specialized in the engineering and contracting of cooling systems, acquired a minority stake in the Spanish company Esindus, which develops activities in different fields, ranging from commercialization and selling of analytical and instrumentation equipment, to design, manufacturing and installation of cooling towers. Esindus focuses on the South American and Iberian markets.

BDO Corporate Finance assisted Hamon in the Purchase Price Allocation related to their acquisition of Esindus. In this context, BDO conducted an independent analysis on the fair value of three intangible assets of Esindus (brand, technology and customer relationships), required under the provisions of IFRS 3.

Alain Danjou, Finance Director Hamon Thermal Europe SA : “Very structured, pragmatic and efficient approach thanks to an experienced and open minded team.”
 

For more information, please contact Alexandre Streel.