PALLAS CAPITAL Corporate Solutions advises TSG Group on the acquisition of Ruven BAUMGÄRTNER elektrotechnik GmbH
The TSG Group, European market leader in technical services for sustainable mobility solutions, has successfully completed the acquisition of Ruven BAUMGÄRTNER elektrotechnik GmbH. The owner-managed electronics specialist with over 40 years of experience is based in Massenbachhausen, Germany.
Ruven BAUMGÄRTNER elektrotechnik GmbH offers electrical planning, installation and maintenance services for the retail sector (food and non-food), industry and the commercial sector. With its strong technical expertise and nationwide presence, the company strengthens TSG’s position in the German market and supports its expansion in the energy supply sector.
This acquisition further strengthens TSG’s ability to provide comprehensive and responsible solutions for commercial, industrial and mobility infrastructures across Europe. By integrating highly skilled local teams, TSG is expanding its operational presence and deepening its technical expertise in photovoltaics, electrical installation, battery storage and the integration of intelligent systems.
TSG Group, owned by its management and GROUPE HLD, employs over 6,400 people and generated revenue of €1.25 billion at the end of April 2025. TSG’s engineers have unique skills and recognised expertise in all energy solutions for mobility hubs and related technical services. These include electric vehicles, hydrogen, biofuels, natural gas and solar energy, as well as related payment systems and services.
The transaction was advised by PALLAS CAPITAL Corporate Solutions in cooperation with ATOUT CAPITAL. Led by Maximilian Baar-Baarenfels and Hans Lassen, and with the support of Christian Wolff (Senior Analyst Execution) and Simon Kunz (Analyst Business Development), the team provided comprehensive and successful support to the TSG Group throughout all phases of the structured buy-side process.
