Munich — Corpo­rate law firm Gütt Olk Feld­haus has advi­sed MAN Energy Solu­ti­ons SE on the sale of its gas turbine busi­ness to China’s CSIC Longjiang GH Gas Turbine Co Ltd (GHGT) in a carve-out and asset deal. The tran­sac­tion is subject to regu­la­tory appr­ovals and the satis­fac­tion of other closing condi­ti­ons. The parties have agreed not to disc­lose the purchase price.

Beyond the sale, both compa­nies have concluded long-term supply and service agree­ments and will coope­rate closely in the future. — To date, MAN Energy Solu­ti­ons has been produ­cing and servicing MGT gas turbi­nes of up to 8 mega­watts in size at its sites in Ober­hau­sen and Zurich for use as mecha­ni­cal drives or for power generation.

MAN Energy Solu­ti­ons SE, head­quar­te­red in Augs­burg, Germany, is a leading global supplier of large-bore diesel and gas engi­nes and turbo­ma­chi­nery. The product port­fo­lio includes two- and four-stroke engi­nes for marine and statio­nary appli­ca­ti­ons, turbo­char­gers and propel­lers, as well as gas and steam turbi­nes, compres­sors and chemi­cal reac­tors. The company employs around 14,000 people at more than 120 loca­ti­ons worldwide.

Head­quar­te­red in Harbin, China, GHGT deve­lops small and medium-sized gas turbi­nes as well as high-perfor­­mance and combus­tion tech­no­lo­gies. The company is a subsi­diary of China State Ship­buil­ding Corpo­ra­tion (CSSC) and employs more than 700 people worldwide.

GOF had advi­sed MAN Energy Solu­ti­ons, among others, on the acqui­si­tion of H‑TEC SYSTEMS GmbH in 2021.

Legal advi­sors MAN Energy Solu­ti­ons SE:

Inhouse MAN Energy Solu­ti­ons SE: Dr. Martin Söhn­gen, LL.M. (Deputy Gene­ral Coun­sel and Head of Corpo­rate, Compe­ti­tion and M&A)

Gütt Olk Feld­haus, Munich: Dr. Sebas­tian Olk (Part­ner, M&A, Lead), Thomas Becker, LL.M. (Of Coun­sel, IP/IT/Commercial), Maxi­mi­lian Spind­ler, LL.M. (Senior Asso­ciate), Dr. Marcel Schmidt (Senior Asso­ciate), Sophie Stef­fen (Asso­ciate; all M&A)

Pusch Wahlig Work­place Law, Munich: Ingo Sappa (Labor Law)

Blom­stein, Berlin: Dr. Max Klasse, Dr. Roland Stein, Dr. Leonard Frei­herr von Rummel, LL.M. (all antitrust/foreign trade law)

held jagut­tis, Colo­gne: Dr. Malte Jagut­tis, Dr. Bernard Altpe­ter (Coun­sel; both Public Law/Subsidies)

Fangda Part­ners, Beijing: Jack Li (Chinese law)

Walder Wyss, Zurich: Florian Gunz Nieder­mann, Dr. Irène Suter-Sieber; Asso­ciate: Sabrina Kunz (all Swiss law)