Press release |


ADVANT Beiten Advises Comer Industries on Takeover of Walterscheid Powertrain Group

Berlin, 14 December 2021 – The international commercial law firm ADVANT Beiten together with ADVANT Nctm, Italy, has advised Comer Industries S. p. A., a leading global developer and manufacturer of mechatronic solutions and integrated drive systems for major manufacturers of agricultural and industrial machinery, headquartered in Reggiolo, Italy, on all aspects relating to German law in the acquisition of Walterscheid Powertrain Group (WPG), headquartered in Lohmar near Cologne.

WPG is a leading provider of advanced mission-critical drive systems and services for off-highway and industrial applications, headquartered in Lohmar near Cologne, Germany. WPG is represented in 75 countries with components and drive systems for agricultural, industrial, construction and mining machinery and employs more than 2,200 people worldwide. 

The merger of Comer Industries, listed on the Borsa Italiana, with WPG will create one of the world's largest suppliers of drive solutions in the agricultural sector, with an expected combined turnover of one billion euros in 2021.

ADVANT Beiten supported the transaction, which was completed in December 2021, in particular by carrying out legal due diligence, conducting a clearing procedure under the German Foreign Trade and Payments Regulation (Außenwirtschaftsverordnung) and assisting with German and Russian antitrust clearance.

Adviser to Comer Industries: 
ADVANT Beiten: Dr Christian von Wistinghausen (Lead Partner in charge), Tassilo Klesen, Dr Patrick A. Hübner, Lelu Li, Olga Prokopyeva (all Corporate / M&A, Berlin), Dr Klaus Kemen, Robin Maletz (both Real Estate, Berlin), Katrin Lüdtke, (Public Sector, Munich), Michael Ziegler, Petra Fendt (both Banking/Finance & Capital Markets, Munich), Christoph Heinrich, Cathleen Laitenberger (both Antitrust Law, Munich), Uwe Wellmann (Antitrust Law, Berlin), Susanne Klein (IP/IT, Frankfurt), Dr Nicole Hirschvogel (IP/IT, Munich), Julia Alexandra Schütte (Employment & Labour, Berlin), Christian Freiherr von Buddenbrock (Employment & Labour, Dusseldorf), Julia Meler (Employment & Labour, Munich).

ADVANT Beiten, Moscow (Russia) (for regulatory clearances under Russian law): Vasily Ermolin

ADVANT Nctm, Milan (Italy), NOBILI RTZ Legal

Adviser to WPG: Freshfields Bruckhaus Deringer LLP, Milan (Italy)

Media Contact
Frauke Reuther
Manager Kommunikation
ADVANT Beiten
+49 (69) 75 60 95 - 570
frauke.reuther@advant-beiten.com

Dr. Christian von Wistinghausen
Lawyer
ADVANT Beiten
Tel.: +49 30 26471-351
Christian.Wistinghausen@advant-beiten.com

 


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ADVANT Beiten Advises Comer Industries on Takeover of Walterscheid Powertrain Group.pdf

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Experts

Dr. Christian_von Wistinghausen_Experte_BEITEN_BURKHARDT

Dr Christian von Wistinghausen

Rechtsanwalt, LL.M.

Partner

Patrick_Hübner_Experte_BEITEN_BURKHARDT

Dr Patrick Alois Hübner

Rechtsanwalt, M.A. (China Studies)

Lelu Li_Experte_BEITEN_BURKHARDT

Lelu Li

Rechtsanwältin

Olga_Prokopyeva_Experte_BEITEN_BURKHARDT

Olga Prokopyeva

Rechtsanwältin

Dr. Klaus_Kemen_Experte_BEITEN_BURKHARDT

Dr Klaus Kemen

Rechtsanwalt

Partner

Robin Maletz_Experte_BEITEN BURKHARDT

Robin Maletz

Rechtsanwalt, Notar - registered office Berlin

Partner

Katrin_Lüdtke_Experte_BEITEN_BURKHARDT

Katrin Lüdtke

Rechtsanwältin, Licensed Specialist for Administrative Law

Partner

Michael_Ziegler_Experte_BEITEN_BURKHARDT

Michael Ziegler

Rechtsanwalt, LL.M.

Partner

Petra_Fendt_Experte_BEITEN_BURKHARDT

Petra Fendt

Rechtsanwältin

Partner

Christoph_Heinrich_Experte_BEITEN_BURKHARDT

Christoph Heinrich

Rechtsanwalt

Partner

Cathleen_Laitenberger_Experte_BEITEN_BURKHARDT

Cathleen Laitenberger

Rechtsanwältin

Uwe_Wellmann_Experte_BEITEN_BURKHARDT

Uwe Wellmann

Rechtsanwalt, LL.B. DLS (London), Licensed Specialist for Intellectual Property Law

Partner

Susanne_Klein_Experte_BEITEN_BURKHARDT

Susanne Klein

Rechtsanwältin, LL.M., Licensed Specialist for Information Technology Law

Partner

Dr. Nicole_Hirschvogel_Experte_BEITEN_BURKHARDT

Dr Nicole Hirschvogel

Rechtsanwältin

Partner

Julia Alexandra_Schütte_Experte_BEITEN_BURKHARDT

Julia Alexandra Schütte

Rechtsanwältin, Licensed Specialist for Labour Law

Partner

Christian_Freiherr von Buddenbrock_Experte_BEITEN_BURKHARDT

Christian Freiherr von Buddenbrock

Rechtsanwalt

Partner

Julia_Meler_Experte_BEITEN_BURKHARDT

Julia Meler

Rechtsanwältin

 Tassilo_Klesen_Experte_BEITEN_BURKHARDT

Tassilo Klesen

Rechtsanwalt

Partner