Leading global law firm Baker McKenzie advised duagon AG on the acquisition of Madrid based MNI Tech On Rails S.L. (TechOnRails), a leading engineering company specialized in the conception and design of railway signaling systems, with more than 150 highly skilled, experienced and specialized engineers. The transaction closed at the end of February 2020. The parties agreed not to disclose the purchase price.

A cross-border team of Baker McKenzie advised duagon AG on all Spanish and Swiss legal aspects as well as on all acquisition financing aspects of the transaction. Baker McKenzie has already advised duagon Group on its acquisitions of Nuremberg-based MEN Group (2018) and of the Australian companies OEM Technology Solutions / MGM Consolidated (2019).

TechOnRails, with offices in Madrid and Barcelona, provides engineering services for R&D and high‐end software development for clients in the global railway signaling industry, and has achieved continuous growth and became a reference landmark including projects in more than 20 countries and 4 continents. TechOnRails which will eventually be re-named to become duagon Spain will be the group's global competence center for railway engineering solutions and software development. duagon Spain will also be the sales and service center for Iberian and South American markets, offering professional support to all duagon customers.

Baker McKenzie advisers to duagon:

Lead:

Dr. Alexander Fischer (Partner, Zurich)
Maite Diez (Partner, Madrid)

Team:

Corporate / M&A: Alba Anegon (Special Counsel, Madrid), Elena Piquero (Associate, Madrid)

Banking & Finance: Dr. Philip Spoerlé (Senior Associate, Zurich), Marianne Müller (Associate, Zurich), Dr. Oliver Socher (Partner, Frankfurt), Silke Fritz (Associate, Frankfurt)

Tax: Jaime Martinez-Iniguez (Partner, Madrid), Mario Kumschick (Counsel, Zurich)
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