McDermott advises on the sale of Hobe to Indutrade
Baienfurt/ Munich — The previous shareholders of Hobe Tools Holding GmbH, FTSA Beteiligungs GmbH, INTEGRA Treuhandgesellschaft mbH Steuerberatungsgesellschaft, AURELIUS Growth Investments S.à r.l. and Hobe Managing Director Dr. Jens-Jörg Eßer, have sold all their shares in Hobe to Indutrade Switzerland AG. The transaction took place within the framework of a competitive bidding process.
Hobe GmbH is a niche manufacturer of micro-precision tools founded in 1971 and based in Baienfurt, Germany. The main customers are companies in industries such as medical technology, mechanical engineering, electronics, construction and metrology.
Indutrade is an international technology and industrial group founded in 1978 with more than 200 affiliated companies in around 30 countries. Indutrade generated sales of 21.7 billion Swedish kronor in 2021 and is listed on Nasdaq Stockholm.
Hobe will be integrated into Indutrade’s DACH business area.
Advisor to seller: McDermott Will & Emery, Munich
Dr. Nikolaus von Jacobs, Foto (Lead), Dr. Germar Enders (Counsel; both Corporate/M&A), Dr. Philipp Schäuble (Labor Law), Nina Siewert, Marcus Fischer (Counsel; both Tax Law, Frankfurt); Associates: Dr. Fabian Appadoo, Dr. Robert Feind, LL.M., Sebastian Gerstner, Benjamin Maciejewski, LL.M., Matthias Weingut (all Corporate/M&A)
About McDermott Will & Emery
McDermott Will & Emery is a leading international law firm with more than 1,200 lawyers in more than 20 offices in Europe, North America and Asia. Our lawyers cover the entire spectrum of commercial and corporate law with their advice. The German practice is managed by McDermott Will & Emery Rechtsanwälte Steuerberater LLP. For more information, please visit: https://www.mwe.com/de/