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Automotive engineering: Eversheds Sutherland advises Hörmann Industries regarding the acquisition of Leadec Engineering's rail and road vehicles division

  • Germany

    29-09-2017

    The global legal practice Eversheds Sutherland advised to the German technology group Hörmann Industries regarding the planned acquisition of the "Development Road and Rail" division from the industrial services specialist Leadec.

    Hörmann Rail & Road Engineering GmbH, a fully-owned subsidiary of Hörmann Industries GmbH, takes over the "Development Road and Rail" division including all tangible and intangible assets from Leadec Engineering GmbH. An additional 110 employees will soon join Hörmann group's "Engineering" division at the sites in Chemnitz, Dresden, Dessau and Munich. Through the acquisition, Hörmann group further develops its engineering and construction capacities in the vehicle construction sector and leverages potential synergies in its main business segment, which is "Automotive". The completion of the transaction is still subject to the consent of the competent anti-trust authorities.

    Hörmann Industries GmbH with its seat in Kirchseeon, Germany, is a diversified industrial corporation which generates a group turnover of approximately EUR 465 million with 2,800 employees in the three divisions "Automotive", "Engineering" and "Communication". Leadec group, comprising the sister companies Leadec and Veltec, generates a turnover of approx. EUR 1 billion and thus counts among the leading providers of technical services for key industries such as the automotive, process and power plant industries. The "Development Road and Rail" division headquartered in Chemnitz specialises in the development and technical construction of rail and road vehicles for international vehicle manufacturers.

    The Eversheds Sutherland team working for Hörmann Industries in the Munich office was led by Dr. Matthias Heisse (Corporate/M&A) and included Wolfgang Troidl (Corporate/M&A), Bernd Pirpamer, Dr. Stephan Weiß (both HR), Carsten Eichler (Public Law) and Dr. Arndt Scheffler (Anti-trust).

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