Stibbe advises GRW on the acquisition of Van Hool’s industrial vehicle division

BE Law

Stibbe advised GRW, the South African tanker and trailer manufacturer allied with Schmitz Cargobull, on acquiring the industrial vehicle division of Van Hool, a Belgian company that manufactures buses, coaches, trolleybuses, and trailers, following the latter’s declaration of bankruptcy.

With final agreements signed on April 24, 2024, GRW aims to be fully operational in Koningshooikt by June 2024.

This engagement highlights our firm's capability in handling distressed multi-practice M&A transactions. The team was led by Jan Peeters, and the transaction was further made possible by Florent Volckaert, Philip De Roo, Matthias Maselis, Pieter Wouters, Guan Schaiko and Ann Apers.