M&A December 2017
IRS GROUP TAKES A SHARE IN WHEELNEWS PRODUCTION AND WHEELNEWS SCHWEIZ
The Intelligent Repair Solutions Group (IRS Group) has taken a majority share in wheelnews Production GmbH and wheelnews Schweiz AG. wheelnews, as a leading specialist for the industrial preparation of aluminium wheels, was founded in 2011 and can now count more than 1,000 car dealerships in Germany, Austria and Switzerland as its customers. With the acquisition of wheelnews Production GmbH, the IRS Group is expanding its skill set in the field of smart repairs with the Dent Wizard brand.
Sancovia initiated the transaction and provided consulting services to the buyer throughout the entire process.