Zug (Switzerland)\/ Munich \u2014 HOERBIGER has sold its reed valve busi\u00adness to the Dutch indus\u00adtrial holding company Nimbus. Comple\u00adtion of the tran\u00adsac\u00adtion is subject to anti\u00adtrust appr\u00adoval. The parties have agreed not to disc\u00adlose the purchase price. \u2014 A cross-office HEUKING team led by part\u00adners Prof. Dr. Georg Streit, Dr. Ulrich Jork and Dr. Marc Scheu\u00adne\u00admann provi\u00added HOERBIGER with compre\u00adhen\u00adsive legal advice on the transaction.<\/p>\n
The sale includes Hoer\u00adbi\u00adger Kompres\u00adsor\u00adtech\u00adnik GmbH (HKS) in Schon\u00adgau, Germany, parts of Hoer\u00adbi\u00adger Valves (Chang\u00adzhou) Co. Ltd. in China and the Indian reed valve busi\u00adness. The product divi\u00adsion specia\u00adli\u00adzes in the deve\u00adlo\u00adp\u00adment and manu\u00adfac\u00adture of perfor\u00admance-deter\u00admi\u00adning compres\u00adsor compon\u00adents, which are used in appli\u00adca\u00adti\u00adons such as refri\u00adge\u00adra\u00adtion compres\u00adsion and mobile brake air compres\u00adsion. Nimbus is taking over all of the product divi\u00adsi\u00adon\u2019s appro\u00adxi\u00adm\u00adately 300 employees, around 270 of whom work at the Schon\u00adgau site in Germany. <\/p>\n
HEUKIN\u00adG\u2019s advi\u00adsory services also included the legal struc\u00adtu\u00adring of the carve-out from the HOERBIGER Group as well as advice on nume\u00adrous service and supply contracts with compa\u00adnies in Germany, Austria, Poland, India and China.<\/p>\n
Hoer\u00adbi\u00adger Deutsch\u00adland Holding GmbH is a globally active tech\u00adno\u00adlogy company with a focus on compres\u00adsor tech\u00adno\u00adlogy, drive tech\u00adno\u00adlogy and hydrau\u00adlics. The company pursues the goal of incre\u00adasing effi\u00adci\u00adency and safety in nume\u00adrous indus\u00adtrial applications. <\/p>\n
Nimbus<\/strong> is a Euro\u00adpean indus\u00adtrial holding company with over 20 years of expe\u00adri\u00adence in the deve\u00adlo\u00adp\u00adment of medium-sized indus\u00adtrial compa\u00adnies. The company takes a long-term approach and combi\u00adnes capi\u00adtal with opera\u00adtio\u00adnal exper\u00adtise to promote sustainable growth. <\/p>\n HOERBIGER Inhouse Group Gene\u00adral Coun\u00adsel Dr. Michael Stel\u00adzel, MSC, MA, CSE led the legal aspects of the tran\u00adsac\u00adtion. In addi\u00adtion, Michael Kull\u00admann provi\u00added compre\u00adhen\u00adsive in-house legal support for the transaction. <\/p>\n Advi\u00adsor Hoer\u00adbi\u00adger Deutsch\u00adland Holding GmbH: HEUKING HOERBIGER Inhouse:<\/strong> Zug (Switzerland)\/ Munich \u2014 HOERBIGER has sold its reed valve busi\u00adness to the Dutch indus\u00adtrial holding company Nimbus. Comple\u00adtion of the tran\u00adsac\u00adtion is subject to anti\u00adtrust appr\u00adoval. The parties have agreed not to disc\u00adlose the purchase price. \u2014 A cross-office HEUKING team led by part\u00adners Prof. Dr. Georg Streit, Dr. Ulrich Jork and Dr. Marc [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":57318,"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-57320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
\n<\/strong>
\n Prof. Dr. Georg Streit (over\u00adall manage\u00adment, carve-out),
\nDr. Ulrich Jork<\/strong> (co-lead M&A\/ Photo \u00a9 Heuking), both Munich,
\nDr. Marc P. Scheu\u00adne\u00admann (co-lead M&A), D\u00fcsseldorf\/Frankfurt,
\nDr. Katha\u00adrina Pras\u00aduhn (all corpo\u00adrate law\/M&A), Munich,
\nDr. Markus Collisy (Envi\u00adron\u00adment), Frankfurt,
\nMarkus Schm\u00fcl\u00adl\u00ading (labor law), Cologne,
\nDomi\u00adnik Eicke\u00admeier (IP, Media & Tech\u00adno\u00adlogy), Cologne,
\nTim Peter\u00admann (Commer\u00adcial), Hamburg,
\nDr. Tilman Span\u00adcken (Real Estate),
\nChris\u00adtoph Hexel (Labor Law),
\nMichael Below (Envi\u00adron\u00adment), all D\u00fcsseldorf,
\nDr. Ruth Jung\u00adkind (Anti\u00adtrust Law), Munich,
\nFrank Holl\u00adstein (Commer\u00adcial), Frankfurt,
\nDr. Kai Uwe B\u00fcch\u00adler (Restruc\u00adtu\u00adring), Munich,
\nTimo Piller (corpo\u00adrate law\/M&A),
\nAnna Schenke (employ\u00adment law), both D\u00fcsseldorf,
\nSvea Kunz (IP, Media & Tech\u00adno\u00adlogy), Cologne
\nDr. Karo\u00adlina Badura (M&A), Munich<\/p>\n
\nDr. Michael Stel\u00adzel, MSc, MA, CSE, Execu\u00adtive Vice Presi\u00addent, Group Gene\u00adral Coun\u00adsel & Chief Compli\u00adance Officer
\nMichael Kull\u00admann, Head of Legal \u2014 Auto\u00admo\u00adtive Division<\/p>\n","protected":false},"excerpt":{"rendered":"