ISOVOLTA AG acquires “Aerospace” from Gurit Holding
Kassel — The globally active ISOVOLTA Group has acquired Gurit (Kassel) GmbH from Gurit Holding. Heuking Kühn Lüer Wojtek advised ISOVOLTA Group on the acquisition of all shares in Gurit (Kassel) GmbH from Gurit Holding AG.
With around 1,500 employees, the globally active ISOVOLTA Group is a specialist for electrical insulation materials, technical laminates and composites and a partner for more than 20 industries. One important area is aviation, where lightweight materials for aircraft cabin interiors are produced in Wiener Neudorf/AT and in Harrisburg/USA. The ISOVOLTA Group has now acquired the “Aerospace” business unit of the Swiss listed company Gurit Holding AG, based in Kassel, Germany, with 80 employees, Gurit (Kassel) GmbH. The parties have agreed not to disclose the purchase price.
The ISOVOLTA Group is part of Constantia Industries AG and has been a leading international manufacturer of electrical insulation materials, technical laminates and composite materials for over 70 years. The company employs over 1,500 people at numerous production and sales locations in various countries (including Austria, Europe, China, North America) on three continents. ISOVOLTA products are used in more than 20 industries, from electronics and e‑mobility to aerospace and mechanical engineering. In Austria, the company employs around 370 people in Wiener Neudorf and Werndorf near Graz.
The subsidiaries of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Exchange: GUR) specialize in the development and manufacture of advanced composites, composites manufacturing equipment and core kitting services. The product range includes structural core materials, fiber-reinforced prepregs, formulated products such as adhesives, resins, and structural composite technology. Gurit supplies global growth markets such as the wind turbine industry, aerospace, marine, rail and many more. Gurit operates manufacturing facilities and offices in Australia, Canada, China, Denmark, Ecuador, Germany, India, Italy, Mexico, New Zealand, Poland, Spain, Switzerland, Turkey, the United Kingdom and the United States.
Legal advisors to ISOVOLTA AG: Heuking Kühn Lüer Wojtek:
Dr. Mathias Schröder, LL.M.,
Fabian Becker, LL.M.,
Peter M. Schäffler (all corporate law, M&A), all Munich
Kerstin Deiters, LL.M., EMBA,
Prof. Dr. Martin Reufels (both Labor Law), both Cologne
Dr. Thomas Jansen (IP/IT and Data Protection),
Bettina Neheider (Public Law),
Dr. Leonie Schwarzmeier, LL.M. (Tenancy Law),
Dr. Ruth Schneider (Competition and Distribution Law), all Munich
Bodo Dehne (Foreign Trade Law), Düsseldorf