Baker & McKenzie advised the Swiss Sulzer AG on the acquisition of GEKA Group, headquartered in Bechhofen, Germany. Sulzer takes over GEKA Group, with a turnover of approximately 150 million euros, at a purchase price of 260 million euros from the private equity investor 3i.
Sulzer expands its most profitable business unit, Sulzer mixpac system (SMS), with the acquisition of GEKA industrial group. As a result Sulzer emerges as the leading supplier of mixing systems and applicators in the B2B sector. The Sulzer business unit SMS doubles in volume with the acquisition.
With this transaction, Sulzer acquires four sites: two in Germany and one each in the US and in Brazil. Sulzer will take over all of the approximately 900 employees at GEKA. SMS operates in the dental market and in the industrial adhesives sector while GEKA is considered the leading manufacturer of applicators for the cosmetic industry. As a result of the acquisition, Sulzer will be increasingly active in the healthcare market and now also in the cosmetics market.
"Advising Sulzer on this additional expansion was an interesting challenge which we mastered through well-tuned teamwork together with the Sulzer in-house department. Yet again, the success was driven by our global capabilities and the excellent cooperation with our colleagues in the respective jurisdictions," comments Corporate / M&A partner Dr. Florian Kästle.
The Corporate / M&A team of Baker & McKenzie regularly advises on cross-border transactions and restructuring. Baker & McKenzie advised Sulzer Metco recently on the sale of a division to OC Oerlikon and the acquisition of EIPS in Morocco and Saudi Pumps Factory in Saudi Arabia.
Legal advisors to Sulzer
Corporate/M&A: Dr. Florian Kästle (Partner, Frankfurt), Dr. Nikolaus Reinhuber (Partner, Frankfurt)
Corporate/M&A: Valesca Molinari (Associate, Frankfurt), Friederike Kiechle, LL.M. (Associate, Frankfurt), Lenard Bock, LL.M. (Associate, Frankfurt)
W&I Insurance: Dr. Peter Wand (Partner, Frankfurt)
Commercial: Dr. Johannes Teichmann (Partner, Frankfurt)
Antitrust: Christian Horstkotte (Partner, Dusseldorf), Ghazale Mandegarian, LL.M. (Associate, Dusseldorf)
Banking & Finance: Dr. Oliver Socher (Partner, Frankfurt), Silke Fritz, LL.M. (Associate, Frankfurt)
Real Estate: Dr. Florian Thamm (Partner, Frankfurt), Dr. Daniel Bork (Associate, Dusseldorf)
IP: Dr. Rembert Niebel, LL.M. (Partner, Frankfurt), Andreas Jauch, LL.M. (Associate, Frankfurt)
Employment: Dr. Hagen Köckeritz (Partner, Frankfurt), Ulrike Bischof (Associate, Frankfurt), Dr. Verena Böhm (Senior Associate, Frankfurt)
Tax: Christoph Becker (Partner, Frankfurt), Christian Port (Partner, Frankfurt)
as well as additional colleagues in Hongkong, Paris, Sao Paulo, Zurich and USA
Carsten Oermann (Sulzer Group General Counsel), Reto Frei (Sulzer Deputy General Counsel)