KPMG Corporate Finance

Cogent

Background

PSW Industries is a leading U.S. motor and transformer lamination stamping business. Before the transaction, PSW was owned by the German company Kienle + Spiess, Stanz: und Druckgießwerk GmbH. Kienle + Spiess is a subsidiary of Cogent Power Ltd, a joint venture between Corus Group plc and SSAB.

The Transaction

KPMG Corporate Finance was hired to assist in the sale process by helping Cogent to negotiate and reach a successful conclusion with the eventual purchaser, Tempel Steel Company, a $400 million U.S. company which is a major international player in lamination stamping.

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