Gleiss Lutz advises Spectris plc on acquisition of VI-grade Group
Marburg/ Darmstadt — The British Spectris plc has acquired the VI-grade Group. The closing of the transaction is still subject to customary regulatory approvals and is expected for the end of August 2018. Both parties have agreed not to disclose details of the transaction. Gleiss Lutz advised the British technology company Spectrics plc on this transaction.
VI-grade specializes in the production of automatic controls and test systems, as well as the development of turnkey solutions for static and dynamic driving simulation. The company, with offices in Germany, Switzerland, Italy, the UK, Japan, China and the USA, delivers innovative solutions to streamline development processes, mainly in the automotive, aerospace, motorcycle, motorsport and railroad industries.
Spectris plc is a leading provider of products, technologies and services that help companies increase productivity, improve product quality and optimize processes until a product is launched. In doing so, Spectris is active worldwide for customers from various industries and serves four business areas: Materials Analysis, Test and Measurement, In-Line Instrumentation and Industrial Controls. Headquartered in Egham, Surrey, UK, the company is listed on the London Stock Exchange (LSE) and employs around 9,800 people in more than 30 countries.
Gleiss Lutz coordinated the transaction as lead counsel in all jurisdictions involved, in addition to Germany also the UK (Shoosmiths LLP), Italy (Gianni, Origoni, Grippo, Cappelli & Partners), Japan (Kitahama Partners), Switzerland (Homburger) and USA (Sidley Austin LLP).
The following Gleiss Lutz team led by Dr. Patrick Kaffiné, photo (Partner, Corporate/M&A, Frankfurt) advised Spectris on the transaction: Dr. Stefan Mayer (Partner, Tax Law, Frankfurt), Dr. Jacob von Andreae (Partner, Public Law, Düsseldorf), Dr. Michael Ilter, Julia Müller, Dr. Konstantin von Dryander, (all Corporate/M&A, all Frankfurt), Dr. Matthias Werner, (Counsel, IP/IT, Munich), Dr. Ocka Stumm, Christian Heinrichs (both Tax Law, Frankfurt), Dr. Tobias Abend (Labor Law, Frankfurt), Dr. Birgit Colbus (Counsel), Dr. Saskia Kirchgeßner (both Antitrust Law, Frankfurt).
The transaction was advised in-house by Dr. Alexander Dähnert (M&A Counsel, London/Darmstadt) and Silke Lengnick (Manager Group Taxes, Darmstadt).
Gleiss Lutz regularly advises Spectris on transactions in Germany, most recently on the acquisition of DISCOM Elektronische Systeme und Komponenten