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
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Dr Christian von Wistinghausen Rechtsanwalt, LL.M. Partner |
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Lelu Li Rechtsanwältin Partner |
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Olga Prokopyeva Rechtsanwältin Senior Associate |
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Dr Klaus Kemen Rechtsanwalt Partner |
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Robin Maletz Rechtsanwalt, Notar - registered office Berlin Partner |
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Katrin Lüdtke Rechtsanwältin, Licensed Specialist for Administrative Law Partner |
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Michael Ziegler Rechtsanwalt, LL.M. Partner |
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Petra Fendt Rechtsanwältin Partner |
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Christoph Heinrich Rechtsanwalt Partner |
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Dr Cathleen Laitenberger Rechtsanwältin Senior Associate |
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Uwe Wellmann Rechtsanwalt, LL.B. DLS (London), Licensed Specialist for Intellectual Property Law Partner |
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Susanne Klein Rechtsanwältin, LL.M., Licensed Specialist for Information Technology Law, external data protection officer (certified by TÜV Nord) Partner |
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Dr Nicole Hirschvogel Rechtsanwältin Partner |
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Julia Alexandra Schütte Rechtsanwältin, Licensed Specialist for Labour Law Partner |
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Tassilo Klesen Rechtsanwalt Partner |
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