YOUR
Search

    23.07.2023

    Adacta and ADVANT Beiten Advise EBARA on the Acquisition of a Business Division of SKF

    Press Releases

    Munich, 24 July 2023 - The international commercial law firm ADVANT Beiten has advised EBARA Pumps Europe S.p.A. (EPE), part of the Japanese EBARA Corporation (EBARA), on the acquisition of the business division Spandau Pumpen (coolant pumps) of SKF Lubrication Systems Germany GmbH (SKF), a subsidiary of SKF Group. The ADVANT Beiten team around the lead partners Dr Markus Ley and Moritz Kopp has rendered advice on all issues under German law; the Italian law firm Adacta has played a leading role in assisting the transaction on the buyer side. The Italian law firm ADVANT Nctm advised on antitrust issues. The parties have agreed that the purchase price will not be disclosed. The transaction will most likely be closed at the end of September 2023.

     

    With Spandau Pumpen, SKF disposes of extremely competitive screw-type and seal-less coolant pumps with a valuable customer base mainly in the European market. Through the acquisition, EBARA aims to enter the global market for machine tools and filter systems and will expand its portfolio by providing new products and services.

     

    EBARA will take over the customer base and certain assets of Spandau Pumpen, will relocate the production to one of its plants in Italy and will work on the expansion of its business. EBARA Corporation has committed itself to achieve several UN Sustainable Development Goals (SDGs) in order to create added business value and to reinforce its reputation as an excellent global player.

     

    The global development of new markets through acquisitions and integration of value-added products are a central element of EBARA's strategy. Further investments are planned in the field of M&A.

     

    Advisor to EBARA Pumps Europe:

    ADVANT Beiten: Dr Markus Ley and Moritz Kopp (both in charge, Corporate/M&A), Christian Hess (IP/IT), Dr Erik Schmid, Regina Dietel (both Labour Law), Christoph Heinrich, Cathleen Laitenberger (both Antitrust Law) and Maximilian Matusewicz (Corporate/M&A, all Munich).

     

    Public Relations

    Frauke Reuther

    Communication

    ADVANT Beiten

    +49 (69) 75 60 95 - 570

    frauke.reuther@advant-beiten.com

     

    Dr Markus Ley

    Rechtsanwalt (Lawyer)

    ADVANT Beiten

    +49 (89) 3 50 65 - 1211

    markus.ley@advant-beiten.com

     

     

     

    Ursula von der Leyen re-elected European U…
    Commission President Ursula von der Leyen was re-elected Commission President w…
    Read more
    The European Commission's Revised Market D…
    Market definition permeates every competition law assessment. It is an essential…
    Read more
    ADVANT Beiten Advises Dusseldorf-Based MedTech Company CUREosity Again on Financing Round
    Dusseldorf, 2 July 2024 – The international commercial law firm ADVANT Beiten has advised CUREosity GmbH, Dusseldorf, on a growth financing round which brought the medtech company a total of approximately …
    Read more
    ADVANT Beiten Advises Aesculap on Sale of TETEC AG to the Canadian Octane Group
    Dusseldorf, 26 June 2024 – The international law firm ADVANT Beiten has provided interdisciplinary advice to Aesculap AG, a subsidiary of the B. Braun group seated in Melsungen, Germany, on the sale of its…
    Read more
    Infringement of Shareholders' Attendance Rights
    Schleswig Higher Regional Court (OLG), judgment of 07 February 2024 – 9 U 41/23 The right of shareholders to attend the annual general meeting (AGM) of a stock corporation is a fundamental and generally a…
    Read more
    EU Supply Chain Act finalized - relevant for companies worldwide
    It did indeed take quite a while. And there was indeed a lot of back and forth. But now, it is final and binding: Today, the European Council gave its final green light for the so-called EU Corporate Sust…
    Read more
    Liability of Managing Director Despite Formal Approval of Past Actions?
    Brandenburg Higher Regional Court, judgment of 24 January 2024 – 7 U 2/23 A managing director is personally liable to the company if the director negligently or wilfully violates their responsibilities, r…
    Read more
    Boycotting the Supervisory Board by Permanent Absence? – Federal Court of Justice Rejects Appointment by Court
    The German Federal Court of Justice (BGH) takes the stance that a supervisory board member boycotting the board by repeatedly being absent does not give rise to the right to have an additional member appoi…
    Read more
    EU Company Certificate Is On Its Way
    The EU plans to introduce a European Company Certificate to make company information available EU-wide in a standardised form. It aims at facilitating cross-border activities while avoiding costs for trans…
    Read more