Munich \u2014 A Heuking team has provi\u00added legal advice to the AL-KO Group on the sale of the AL-KO Garden\u00adtech divi\u00adsion to the Chinese group Ningbo Daye Garden Machi\u00adnery. The tran\u00adsac\u00adtion was successfully comple\u00adted after appr\u00adoval by the compe\u00adtent autho\u00adri\u00adties with a closing at the begin\u00adning of Febru\u00adary 2025. <\/p>\n
The AL-KO Garden\u00adtech divi\u00adsion produ\u00adces and sells a range of lawn mowers world\u00adwide, inclu\u00adding smart robo\u00adtic lawn mowers, lawn trac\u00adtors, equip\u00adment for pruning trees and hedges and garden irri\u00adga\u00adtion equip\u00adment, making it one of the market leaders in the gardening equip\u00adment sector. Most of the garden tools and compon\u00adents are produ\u00adced in the company\u2019s own factory in Austria. The Garden\u00adtech divi\u00adsion, consis\u00adting of AL-KO Ger\u00e4te GmbH as the parent company and subsi\u00addia\u00adries in Austria, Great Britain, Austra\u00adlia and New Zealand, among others, gene\u00adra\u00adtes a turno\u00adver of over 250 million euros with more than 700 employees at 19 locations. <\/p>\n
Ningbo Daye Garden Machi\u00adnery Co. Ltd.<\/strong> is a China-based group listed on the Shen\u00adzhen Stock Exch\u00adange, specia\u00adli\u00adzing in the deve\u00adlo\u00adp\u00adment, produc\u00adtion and sales of land\u00adscape main\u00adten\u00adance products.<\/p>\n Heuking regu\u00adlarly advi\u00adses the AL-KO Group and its share\u00adhol\u00adder PRIMEPULSE on M&A tran\u00adsac\u00adtions and other projects, most recently on the sale of a majo\u00adrity stake in the listed STEMMER IMAGING AG to the US private equity inves\u00adtor Midd\u00adle\u00adGround Capi\u00adtal and the sale of the glueck kanja Group to Norves\u00adtor, a Norwe\u00adgian private equity investor.<\/p>\n Consul\u00adtant AL-KO GmbH: <\/strong>HEUKING<\/strong><\/p>\n Boris D\u00fcrr (lead part\u00adner over\u00adall tran\u00adsac\u00adtion; corpo\u00adrate law \/ M&A), Chris\u00adtian Schild, LL.M. (lead part\u00adner contract nego\u00adtia\u00adti\u00adons; corpo\u00adrate law \/ M&A), <\/p>\n Dr. Rein\u00adhard Siegert, (anti\u00adtrust law), Munich \u2014 A Heuking team has provi\u00added legal advice to the AL-KO Group on the sale of the AL-KO Garden\u00adtech divi\u00adsion to the Chinese group Ningbo Daye Garden Machi\u00adnery. The tran\u00adsac\u00adtion was successfully comple\u00adted after appr\u00adoval by the compe\u00adtent autho\u00adri\u00adties with a closing at the begin\u00adning of Febru\u00adary 2025. The AL-KO Garden\u00adtech divi\u00adsion produ\u00adces and sells [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":54271,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-54273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
\nDr. Ruth Jung\u00adkind, (anti\u00adtrust law \/ distri\u00adbu\u00adtion law),
\nPeter M. Sch\u00e4ff\u00adler, (tax law),
\nFelix Noack, (corpo\u00adrate law \/ M&A), all Munich,
\nDr. Lutz Martin Keppe\u00adler, (IT \/ Data Protection),
\nAnna Rich\u00adter (Corpo\u00adrate Law \/ M&A), both Cologne,
\nAstrid Lued\u00adtke (IP Media & Technology),
\nSarah Radon (Corpo\u00adrate Law \/ M&A), both D\u00fcsseldorf.<\/p>\n","protected":false},"excerpt":{"rendered":"