EY lead financial advisor to Liugong Dressta Machinery asset sale to Huta Stalowa Wola

EY Polska acted as the advisor to LiuGong Dressta Machinery on the sale of its production assets to Huta Stalowa Wola.

A dedicated team of EY professionals led by Janusz Sękowski provided comprehensive transactional advisory services covering M&A, valuation, financial, legal, and tax support throughout the process.

The transaction involved the repurchase of assets that LiuGong had acquired from Huta Stalowa Wola in 2012 and the takeover of 574 employees. After more than a year-long process, the transaction was successfully completed.

LiuGong made the decision to relocate the production of Dressta crawler dozers and pipelayers, previously built at its Stalowa Wola plant in Poland, to a brand new, high-capacity, and purpose-built facility in Changzhou, China. However, LiuGong remains present on the Polish and European markets, focusing on building and strengthening their sales and customer support network through a newly opened commercial hub in Stalowa Wola, says Janusz Sękowski, Partner, Turnaround and Restructuring Team, SaT Poland.

The key transaction benefits for Huta Stalowa Wola include plug-and-play assets along with highly qualified personnel and quick extension of its production capacities, especially given the increasing demand for military equipment, adds Wojciech Sosnowski, Senior Manager, Turnaround and Restructuring Team, SaT Poland.

Key members of the EY teams that have advised on the transaction process:

Transaction advisory: Janusz Sękowski, Wojciech Sosnowski, Łukasz Krawczyk, Ignacy Wąsowski 

Legal advisory: Magdalena Kasiarz, Piotr Podsiadło, Michal Wlodarczyk, Piotr Gogol, Kinga Supko

Valuation & Modelling Advisory: Marcin Drozdowski, Tomasz Szymczak, Dominik Wojdat, Michał Kazan, Jan Berdyn

Tax advisory: Tomasz Ożdziński, Michał Pacyga, Aleksandra Wiekowicz