Leica takes over Meister Camera Shops — end of an era
Wetzlar/ Hamburg — As of November 1, 2023, the Meister Camera stores in Hamburg, Berlin and Munich will operate under the umbrella of Leica Camera AG. This finally brings the era of independent Leica stores in Germany to an end. With its motto “Everything Leica can deliver, we have in stock,” CameraMeister has very often been a last resort for Leica photographers who have always had to be very patient with Leica’s delivery deadlines.
Baker McKenzie advised Leica Camera Deutschland GmbH on the acquisition of three Leica Stores in Hamburg, Berlin and Munich, which were previously managed by Meister Camera. 135 years after the founding of the “Meister Drogerie”, which later became Meister Camera, and after more than 50 years of cooperation with Leica, owner Martin Meister has decided to sell his business to Leica.
Baker McKenzie advised Leica on corporate and real estate aspects of the transaction, including the coordination and negotiation of the acquisition. “With this acquisition, our client Leica can now continue its longstanding success story together with the existing store teams in Hamburg, Berlin and Munich,” commented Eva Kriechbaumer, co-lead of the transaction.
Leica is a premium manufacturer of cameras and sports optics products headquartered in Wetzlar, Germany. With this acquisition, Leica continues to expand its distribution network, which now includes eleven Leica Stores in Germany.
Legal advisor Leica: Baker McKenzie
Lead: Corporate/M&A: Eva Kriechbaumer (Senior Associate, Munich), Dr. Andreas Lohner (Partner, Munich)
Team: Corporate/M&A: Dr. Jon Marcus Meese (Partner, Munich)
Real Estate: Dr. Daniel Bork (Partner, Düsseldorf), Moritz Jander (Associate, Düsseldorf)
Baker McKenzie’s Corporate/M&A practice regularly advises on domestic and international transactions. Most recently, Baker McKenzie advised Transcom on its acquisition of timeframe, Sika AG on its acquisition of MBCC Group from Lone Star and sale of MBCC’s concrete admixtures business to Cinven, Senwes Ltd. in its acquisition of four agricultural machinery dealers in the new German states, AURELIUS in its acquisition of LSG Group from Deutsche Lufthansa AG, Nokian Tyres plc in its sale of the Russian business to Tatneft PJSC, First Solar in its sale of the global O&M business to NovaSource, Fluidra in its acquisition of Meranus Group and Magna in its acquisition of the Veoneer Active Safety business.