HOERBIGER sells reed valve business to Nimbus

Zug (Switzerland)/ Munich — HOERBIGER has sold its reed valve busi­ness to the Dutch indus­trial holding company Nimbus. Comple­tion of the tran­sac­tion is subject to anti­trust appr­oval. The parties have agreed not to disc­lose the purchase price. — A cross-office HEUKING team led by part­ners Prof. Dr. Georg Streit, Dr. Ulrich Jork and Dr. Marc Scheu­ne­mann provi­ded HOERBIGER with compre­hen­sive legal advice on the transaction.

The sale includes Hoer­bi­ger Kompres­sor­tech­nik GmbH (HKS) in Schon­gau, Germany, parts of Hoer­bi­ger Valves (Chang­zhou) Co. Ltd. in China and the Indian reed valve busi­ness. The product divi­sion specia­li­zes in the deve­lo­p­ment and manu­fac­ture of perfor­­mance-deter­­mi­­ning compres­sor compon­ents, which are used in appli­ca­ti­ons such as refri­ge­ra­tion compres­sion and mobile brake air compres­sion. Nimbus is taking over all of the product divi­si­on’s appro­xi­m­ately 300 employees, around 270 of whom work at the Schon­gau site in Germany. 

HEUKIN­G’s advi­sory services also included the legal struc­tu­ring of the carve-out from the HOERBIGER Group as well as advice on nume­rous service and supply contracts with compa­nies in Germany, Austria, Poland, India and China.

Hoer­bi­ger Deutsch­land Holding GmbH is a globally active tech­no­logy company with a focus on compres­sor tech­no­logy, drive tech­no­logy and hydrau­lics. The company pursues the goal of incre­asing effi­ci­ency and safety in nume­rous indus­trial applications. 

Nimbus is a Euro­pean indus­trial holding company with over 20 years of expe­ri­ence in the deve­lo­p­ment of medium-sized indus­trial compa­nies. The company takes a long-term approach and combi­nes capi­tal with opera­tio­nal exper­tise to promote sustainable growth. 

HOERBIGER Inhouse Group Gene­ral Coun­sel Dr. Michael Stel­zel, MSC, MA, CSE led the legal aspects of the tran­sac­tion. In addi­tion, Michael Kull­mann provi­ded compre­hen­sive in-house legal support for the transaction. 

Advi­sor Hoer­bi­ger Deutsch­land Holding GmbH: HEUKING

Prof. Dr. Georg Streit (over­all manage­ment, carve-out),
Dr. Ulrich Jork (co-lead M&A/ Photo © Heuking), both Munich,
Dr. Marc P. Scheu­ne­mann (co-lead M&A), Düsseldorf/Frankfurt,
Dr. Katha­rina Pras­uhn (all corpo­rate law/M&A), Munich,
Dr. Markus Collisy (Envi­ron­ment), Frankfurt,
Markus Schmül­l­ing (labor law), Cologne,
Domi­nik Eicke­meier (IP, Media & Tech­no­logy), Cologne,
Tim Peter­mann (Commer­cial), Hamburg,
Dr. Tilman Span­cken (Real Estate),
Chris­toph Hexel (Labor Law),
Michael Below (Envi­ron­ment), all Düsseldorf,
Dr. Ruth Jung­kind (Anti­trust Law), Munich,
Frank Holl­stein (Commer­cial), Frankfurt,
Dr. Kai Uwe Büch­ler (Restruc­tu­ring), Munich,
Timo Piller (corpo­rate law/M&A),
Anna Schenke (employ­ment law), both Düsseldorf,
Svea Kunz (IP, Media & Tech­no­logy), Cologne
Dr. Karo­lina Badura (M&A), Munich

HOERBIGER Inhouse:
Dr. Michael Stel­zel, MSc, MA, CSE, Execu­tive Vice Presi­dent, Group Gene­ral Coun­sel & Chief Compli­ance Officer
Michael Kull­mann, Head of Legal — Auto­mo­tive Division