Renzenbrink & Partner advises on the sale of a majority stake in H. Anger’s Söhne Bohr- und Brunnenbaugesellschaft mbH

19 December 2023

Herrenknecht AG has acquired a majority stake in H. Anger’s Söhne Bohr- und Brunnenbaugesellschaft mbH (“HAS”). Renzenbrink & Partner advised the majority shareholder, Mr. Waldemar Müller-Ruhe, comprehensively on the sale.

Established in 1863, HAS has become one of the leading companies in the German drilling industry. The company employs approx. 150 people and specializes in drilling geothermal wells to depths of up to 7,000 meters. In addition to geothermal energy, projects are carried out for reservoir and subsurface investigations. The company’s main range of services also include well construction for drinking, mineral and thermal water.

Herrenknecht AG is the worldwide market leader for heavy tunnel boring machines. With approx. 5,500 employees and 82 subsidiaries around the world, the company has generated an annual revenue of more than EUR 1.1bn. The Company was founded by CEO Dr. Martin Herrenknecht in 1975.

The team of Renzenbrink & Partner comprised Dr. Dennis Schlottmann, Moritz Rojek (both Corporate/M&A) and Marc H. Kotyrba (Tax).