Baker McKenzie advised Materialise NV on the acquisition of ACTech GmbH, a full-service company in the area of rapid prototyping of complex metal parts. Sellers are the private equity funds Premium Equity Partners and Cornerstone Capital as well as members of ACTech's management.
With the transaction, Materialise is expanding its range of production solutions in the area of 3D printing with ACTech's expertise in the production and machining of high-complex metal parts. Baker McKenzie has provided comprehensive legal advice to Materialise regarding all legal aspects of the acquisition. A particular challenge in the transaction was the implementation of simultaneous signing and closing in the context of a demanding schedule.
"Our client Materialise is expanding its competencies with its largest acquisition so far and is expanding its strong position in the growing market for 3D printing. We are delighted to be able to support Materialise on their first transaction in Germany," commented Corporate/M&A partner Gerald Schumann.
Based in Leuven, Belgium, Materialise is listed on the NASDAQ stock market, bundling more than 27 years of 3D printing experience in a range of software solutions and services covering all areas of 3D printing technology. Materialise serves customers in a variety of industries including healthcare, automotive, aerospace, art and design, and consumer goods and is a leader in the development of innovative 3D printing applications.
ACTech, based in Freiberg / Saxony, produces cast metal prototypes and small series for customers from various industries, in particular the automotive industry, aerospace and machine and plant engineering. ACTech employs around 360 people in Freiberg and other locations in the USA and India.
Baker McKenzie regularly advises clients on cross-border transactions and reorganizations. Most recently the team advised Sulzer AG on the acquisition of the Transcodent Group, Tokheim Service Group on a strategic partnership with Kärcher, SPIE on its acquisition of LÜCK Group, Grünenthal on its acquisition of Adhesys Medical, Flowserve Corporation on the sale of Gestra-Gruppe, ZF Friedrichshafen AG on the sale of Cherry Group, the owners of Fragrance Resources on the sale of its fragrance business to International Flavors & Fragrances, Inc., GFKL on the acquisition of Tesch Group and CORESTATE on its acquisition of Hannover Leasing.
Baker McKenzie Team:
Lead: Corporate/M&A: Gerald Schumann (partner, Munich)
Team: Corporate/M&A: Dr. Christoph Dachner (associate, Munich), Hanna Lütkens (associate, Munich)
Employment: Katja Häferer (partner, Munich), Christian Schnurrer (associate, Munich)
Competition: Dr. Nicolas Kredel (partner, Düsseldorf), Dr. Anika Schürmann (associate, Düsseldorf)
Further Baker McKenzie offices in the USA