R&S Group Expands International Presence With Acquisitions of Tesar and Elettrostandard Polska
Premier global law firm Baker & McKenzie has advised power products provider R&S Group on its acquisition of Tesar S.r.l., a leading Italian manufacturer of cast-resin transformers. The addition of Tesar marks an important step in strengthening the R&S Group's position as a leading European company in the niche market for components used in power distribution and electrical infrastructure.
The Zurich, Milan and Warsaw offices of Baker & McKenzie advised R&S Group on the acquisition, with a team led by Marcel Giger (Zurich), Alberto Fornari and Alessandra Fabri (Milan).
The R&S Group is an internationally active provider in selected niche markets for power products. With manufacturing facilities and offices across Europe and a wide global partner network, the R&S Group offers distribution and power transformers, medium up to extra-high voltage switching devices as well as certain products for railway electrification and high-current connectors. The R&S Group is owned by the industry participation fund CGS III (Jersey) LP.
Giorgio Vannotti, Chairman of the R&S Group and Partner at CGS Management AG, said, “Tesar is strengthening the R&S Group’s product portfolio by contributing high-quality cast-resin transformers.” The group’s CEO Marc Aeschlimann adds, “With its solid operations in the Middle East and North Africa and the technological extension of its existing portfolio, Tesar offers existing R&S Group companies excellent market opportunities.”
Baker & McKenzie partner Marcel Giger said, "With the integration of Tesar, the R&S Group is set to become an important player in the European transformers market. We were therefore very pleased to advise on such a significant deal."
The Baker & McKenzie team who advised on this acquisition included Marcel Giger, Timo Leis, Alberto Fornari, Alessandra Fabri and Konrad Konarski.