Orrick advises portfolio company of HANNOVER Finanz on the sale of work platform manufacturer TEUPEN to Altec

1 minute read | April.25.2024

Deutsch: Orrick berät Portfoliogesellschaft von HANNOVER Finanz bei Verkauf des Arbeitsbühnenherstellers TEUPEN an Altec

A portfolio company of Germany-based Hannover Finanz has sold Teupen Group, a company that makes aerial lifts, to Altec, a leading provider of products and services to the electric utility, telecommunications, tree care, lights and signs and contractor markets.

Orrick advised the Hannover Finanz portfolio company, Maschinenbau und Service Holding GmbH.


Founded in 1979, HANNOVER Finanz has more than 40 years of experience as an equity partner for medium-sized companies.

The private equity house with headquarters in Hanover and an office in Vienna is one of the first venture capital providers in Germany and the German-speaking region. The portfolio includes around 35 companies.

Teupen is a leading manufacturer in the field of tracked aerial work platforms. Based in Gronau, Germany, the company has worldwide partners and subsidiaries in Europe, North and South America and Asia.

Headquartered in Birmingham, Alabama, Altec is a leading provider of products and services to electric utilities, telecommunications companies, tree care companies, lighting and signage companies, and construction companies, delivering products and services to more than 100 countries around the world.


This acquisition expands Altec's presence and complements its range of products and services in Germany and the U.S. In turn, Teupen will benefit from Altec's nationwide service network in the U.S.


Orrick’s Christoph Brenner and Stefan Renner led the team that advised Hannover Finanz portfolio company Maschinenbau und Service Holding.


Hannover Finanz

Altec news release


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