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Last week the ABN Braun AG creditors meeting approved the acquisition of all its assets by Schneider Electric. Baker McKenzie advised Schneider Electric on this transaction.

The result of this merger between ABN and Schneider Electric will combine their expertise and resources, allowing them to offer client specific energy distribution systems from one company. In future Schneider Electric will be an all-round provider for electrical installations in Germany, adding network and energy efficient solutions for buildings to it's services.

The takeover is subject to the approval of the antitrust authorities as well as the fulfilment of all other closing conditions.

Baker McKenzie advised Schneider Electric on all legal aspects of the complex transaction.

The transaction combined with the acquisition under insolvency conditions was an exciting task, also in regard to IP law. This way Schneider Electric strengthens its product portfolio, allowing them to offer all-round, innovative solutions for building technology and energy management,

explains Andrea Ziegler of Baker McKenzie, who led the transaction.

Schneider Electric develops connected technologies and solutions to manage energy and process in ways that are safe, reliable, efficient and sustainable. The Group considerably invests in R&D in order to sustain innovation and differentiation, with a strong commitment to sustainable development. With 160,000 employees worldwide the company achieved 27 billion euro revenue in 2015.

The Corporate/M&A team of Baker & McKenzie regularly advises clients on cross-border transactions and reorganizations. Most recently Baker & McKenzie advised:

  • CORESTATE on its acquisition of Hannover Leasing
  • Heraeus Group on the sale of the global high-performance target materials business to the US-based Materion Group
  • MAGNA International on its acquisition of the BÖCO Group
  • ZF Friedrichshafen AG on the sale of the Cherry Group to the subsidiary GENUI
  • Hillhouse Capital on the acquisition of Gimborn
  • ALBA Group on the entry of a Chinese investor
  • Deutsche Beteiligungs AG on the minority interest in the R&M International GmbH and previously in the participation of the Swiss mageba AG
  • GFKL Lowell Group on the acquisition of Tesch collection
  • Dassault Systèmes on the acquisition of the CST group
  • Sulzer on the takeover of the GEKA group of 3i
  • Allegion on the acquisition of Trelock
  • RWE and E.ON on the sale of their shares in the Luxembourg energy supplier Enovos
  • HITACHI Koki on the acquisition of Metabo AG
  • Barry-Wehmiller group on the acquisition of the operations of Winkler+Dünnebier GmbH.

Legal team advising Schneider Electric:

Lead 

Corporate/M&A: Andrea Ziegler (partner, Frankfurt)

Team

Corporate/M&A: Valesca Molinari (associate, Frankfurt), Friederike Kiechle (associate, Frankfurt)
Employment: Dr. Hagen Köckeritz (partner, Frankfurt), Dr. Lena Kern (associate, Frankfurt)
Restructuring & Insolvency: Dr. Holger Ellers (partner, Berlin), Dr. Giannina Kreutz (associate, Berlin)
IP: Dr. Benjamin Koch (partner, Munich), Philip Schmitz (associate, Munich)
Real Estate: Dr. Florian Thamm (partner, Frankfurt), Dr. Daniel Bork (associate, Dusseldorf)
Commercial: Dr. Johannes Teichmann (partner, Frankfurt), Ingmar Oltmanns (associate, Frankfurt)

 

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