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McDermott advises Hanwha Q CELLS GmbH on its investment in LYNQTECH

Photo: Hanwha Q Cells produc­tion line (Photo: Hanwha Q Cells)
22. July 2022

Frank­furt am Main — McDer­mott Will & Emery has advi­sed Hanwha Q CELLS GmbH on the acqui­si­tion of 66% of the shares in LYNQTECH GmbH, a subsi­diary of ener­city AG (Stadt­werke Hanno­ver). LYQNTECH will conti­nue to exist as a company. The closing of the tran­sac­tion is subject to appro­val by the rele­vant regu­la­tory authorities.

Foun­ded in 2020, the modu­lar cloud energy plat­form LYNQTECH provi­des energy suppliers with digi­tal solu­ti­ons to opti­mize their sales proces­ses. With the acqui­si­tion of a majo­rity stake in LYNQTECH, Qcells conso­li­da­tes its posi­tion as a full-service provi­der of clean energy solu­ti­ons and expands its digi­tal services portfolio.

Part of the Hanwha Group since 2012, Qcells is play­ing a key role in shaping the tran­si­tion to a clean energy sector as a leading global manu­fac­tu­rer of solar products for resi­den­tial and commer­cial custo­mers. Qcells’ parent company is Hanwha Solu­ti­ons Corpo­ra­tion, a multi­na­tio­nal energy services, petro­che­mi­cal and real estate deve­lo­p­ment company head­quar­te­red in Seoul, South Korea.

The team led by Dr. Bernd Meyer-Witting and Florian Lech­ner has already recently advi­sed Hanwha Group on the acqui­si­tion of RES Médi­ter­ra­née SAS by Hanwha Solu­ti­ons Corpo­ra­tion (HSC).

Advi­sors to Hanwha Q CELLS GmbH: McDer­mott Will & Emery, Frankfurt

Dr. Bernd Meyer-Witting (Of Coun­sel), Florian Lech­ner (both Corpo­rate Law, both Lead), Stef­fen Woitz (IP/IT, Munich), Dr. Deniz Tschamm­ler (Regu­la­tory Law, Data Protec­tion, Munich), Hendrik Viaene (Anti­trust Law, Brussels), Chris­tian Krohs (Anti­trust Law, Düssel­dorf), Dr. Maxi­mi­lian Clos­ter­meyer (Real Estate Law), Dr. Chris­tian Marz­lin (Corpo­rate Law, Coun­sel), Chris­toph Coenen (Finance Law), Marcus Fischer (Tax Law, Coun­sel), Dr. Thomas Gennert (Labor Law, Düssel­dorf), Carina Kant (Anti­trust Law, Coun­sel, Düssel­dorf); Asso­cia­tes: Hanne­lore Wiame, Karo­lien Van der Putten (both Anti­trust Law, both Brussels), Dr. Lea Hach­meis­ter (Regu­la­tory Law, Data Protec­tion), Tina Knecht (Real Estate Law), Michael Spirk (Finance Law), Johanna Grei­ßel (Tax Law)

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