Triumph Science&Technology Group acquires stake in Singulus Technologies
China / Kahl/ Main — Gleiss Lutz advised Triumph Science&Technology Group Co, Ltd (“Triumph”), an indirect subsidiary of the People’s Republic of China, on the acquisition of a 13 percent stake in the publicly listed Singulus Technologies Aktiengesellschaft (“Singulus”) from the previous majority shareholder.
Singulus, which is listed on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange and headquartered in Kahl am Main, Germany, is the parent company of the Singulus Group, which manufactures machinery and equipment for production processes in the fields of coating technology, surface technology and wet chemistry worldwide for
develops, manufactures and distributes different end-use applications. These machines are used in various industries, such as the solar, semiconductor or consumer goods industries,
medical technology and for the production of optical discs. The Singulus Group currently employs around 320 people.
Triumph, one hundred percent of whose shares are directly held by the Chinese state-owned corporation CNBM (China National Building Materials), is the parent company of the Triumph group of companies, which is active in many areas of engineering, general contracting as well as project management with regard to the building materials industry, especially with regard to steel-glass technology,
“Cement Engineering”, and “New Energy Engineering” is active. As part of its “new energy engineering” activities, Triumph promotes energy-saving houses and is active in the solar industry. In this area, Triumph primarily develops, produces and distributes building-integrated solar cells and other solar cells and modules, and offers support for the installation of solar parks and power plants.
Advisor Triumph Science&Technology Group: Gleiss Lutz
The Gleiss Lutz team , led by Dr. Christian Cascante, photo (Stuttgart, Partner, Corporate/M&A), consisted of the following lawyers:
Dr. Jochen Tyrolt (Partner), Sava Kasaliyski, Simon Dewes (all Stuttgart), Dr. Daniel Heck (Hamburg), Florian Schorn (Munich, all Corporate/M&A), Jan-Rasmus Roßkamp (Corporate and Capital Markets, Frankfurt), Dr. Iris Benedikt-Buckenleib (Counsel) and Tobias Klemm (both Munich, Antitrust).