# Fernweh to acquire 60% stake in AZZ Infrastructure Solutions

AZZ Inc. will contribute its AZZ Infrastructure Solutions segment to a joint venture and sell a 60% interest to Fernweh Group at an implied enterprise value of $300 million. The transaction is expected to close before end of 2022.

- Type: Acquisition
- Announced: 2022-06-22
- Where: Fort Worth, Texas, United States
- Value: $300.0M
- Status: announced
- Products: custom switchgear, electrical enclosures, bus ducts, explosion-proof lighting, weld overlay solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [AZZ Inc.](https://endata.com/companies/21596.md) (target)
- [Fernweh Group](https://endata.com/companies/39570.md) (acquirer)

## Sources

- [fernweh.com](https://www.fernweh.com/press/fernweh-signs-agreement-to-acquire-majority-stake-in-azz-infrastructure-solutions-segment), 2022-06-22: "We are thrilled to partner with Schneider Electric."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.