EKO Medimurje, one of the leading producers of metal structures in SEE, has acquired a majority stake in Hittner, a leading Croatian manufacturer of forestry and agricultural tractors. GRUBISIC & Partners Corporate Finance acted as an exclusive financial advisor to the management and shareholders of Hittner in the transaction process. With the acquisition of Hittner, EKO Medimurje has expanded its operating activities into new markets, while exploiting strong synergy effects in manufacturing processes, whereas Hittner has found a partner which would enable their growth, stability, resource efficiency, and know-how, resulting in competitive positioning among international players via the development of new lines of products and production processes’ optimization.
