< Our transactions

TSG acquires Werner Stuhr

FDC, in association with its partner IOM of the GMAP network, continues to support TSG the European leader in technical services for responsible mobility solutions – in its development strategy through the acquisition of Werner Stuhr (Germany), a company specialized in electrical services

Paris (France), December 05th 2022

TSG, the European leader in technical services for responsible mobility solutions, is pleased to announce the acquisition of Werner Stuhr, a company specialized in electrical services based in Lübeck-Krummesse (Northern Germany).

Werner Stuhr is specialized in broadband installation including civil engineering, traditional electrical installations, and e-mobility. They are also involved in the eHighway project in Northern Germany.

Werner Stuhr generates €20m of turnover relying on 130 employees with a solid electrical expertise that will reinforce TSG Germany’s electrical workforce and benefit to its customers.

With this acquisition, TSG is closing its 10th acquisition in electric mobility and accelerates its development in new energy for mobility where electricity is playing a major role. TSG confirms it strong willingness to comfort its leading position on technical services for electric mobility in Europe and accelerates the implementation of its strategy to enable the responsible mobility transition by developing new energy for mobility, quality infrastructures and to offer a one-stop shop for innovative energy and retail solutions.

“TSG is rapidly pursuing it strategic transformation where external growth is playing an accelerator role.  Werner Stuhr is nicely complementing both our geographical footprint and our needs for highly skilled technicians in Germany, with the global objective to always better support our customers in their energy transition to responsible mobility. On behalf of the whole TSG Group, I wish a warm welcome to Hans-Joachim Bülk, Werner Stuhr ‘s CEO and to his entire team” – says Jean-Marc Bianchi, Chairman and CEO of TSG.

Both members of the international network Global M&A Partners (GMAP), Financière de Courcelles (France) and IOM (Germany) are proud to have advised TSG on this cross-border transaction, which allows TSG to strengthen its presence in Germany and to affirm its ambitions in new energies for mobility.

Financière de Courcelles is advising TSG in its European development plan of external growth, through its multi-buy-side offer.


Contact press: hdemirdjian@fdc-International.com

About Financière de Courcelles (FDC)

Financière de Courcelles is an independent investment bank specialising in Mergers and Acquisitions. Founding member of the Global M&A Partners network (more than 400 M&A professionals and more than 35 countries covered), FDC has a strong capability to support its clients internationally. FDC advises companies on mid-cap transactions in all sectors of the economy thanks to its dedicated teams of specialists.

About TSG

TSG, the European leader in technical services for responsible mobility solution, is a key enabler of the energy transition for mobility: With unequalled presence in 30 countries, TSG designs, builds and maintains all types of energy distribution infrastructures for mobility: electric vehicles charging network, GPL/LNG, hydrogen and also fuel / biofuel service stations. TSG offers a one-stop-shop (equipment sale, projects and maintenance services, digital payments and systems) for innovative energy and retail solutions. TSG serves all types of clients, in the public and private sectors from local authorities and retail to gas station networks and companies fleet installations. TSG has over 4,500 employees, and revenue over €700m. TSG’s technicians are uniquely skilled, with recognized expertise in all new mobility energy solutions: electric vehicles, hydrogen, biofuels and natural gas as well as related systems and payment services. TSG is a privately-held company, owned by its management and the entrepreneurial investment firm HLD.

< Our transactions
Get in touch with Financière de Courcelles Contact