Düsseldorf/ Munich — Sumitomo Electric Industries, Ltd. has acquired the European manufacturer of metal powder components Sinterwerke Herne GmbH (SWH, North Rhine-Westphalia, Germany) and Sinterwerke Grenchen AG (SWG, Canton Solothurn, Switzerland). ARQIS advised Sumitomo Electric Industries, Ltd. on this transaction.
Sumitomo Electric’s Powder Metallurgy Division operates worldwide under the name Sumitomo Electric Sintered Alloy Ltd (Headquarters: Takahashi City, Okayama Prefecture; President: Toshiyuki Kosuge). The division offers a wide range of products mainly for Japanese manufacturers of cars, automotive components and air conditioning systems. Based on the acquisitions it has now made, Sumitomo Electric is looking to expand its sales channels to European automakers and component manufacturers, and increase the presence of its powder metal products business in Europe to develop further global business opportunities.
Advisor Sumitomo Electric: ARQIS Rechtsanwälte (Düsseldorf/Munich)
Eberhard Hafermalz, Foto (Lead), Dr. Shigeo Yamaguchi (both Corporate/M&A), Dr. Andrea Panzer-Heemeier (Labor Law), Johannes Landry (Restructuring/Corporate), Dr. Ulrich Lienhard (Real Estate), Marcus Nothhelfer (IP & Commercial). Ulrich Lienhard (Real Estate), Marcus Nothhelfer (IP & Commercial); Counsel: Patrick Schöldgen (Corporate/M&A), Dr. Philipp Maier (IP & Commercial); Associates: Dr. Hendrik von Mellenthin (Labor Law), Jennifer Huschauer (Real Estate), Sina Janke (IP & Commercial)
MeyerLustenberger Lachenal (Zurich): Dr. Christoph Heiz, LL.M. (M&A)
Held Jaguttis (Cologne): Dr. Malte Jaguttis, Dr. Simeon Held (regulatory and environmental law)
RCAA (Frankfurt): Evelyn Niitvaeli (Antitrust)