Munich partner Jan Wrede and his team advised Siemens AG on the sale of its subsidiary Dematic GmbH & Co. KG.
The international law firm Clifford Chance advised Siemens AG on the sale of its subsidiary Dematic GmbH & Co. KG, based in Offenbach, Germany.
The shares in Dematic were jointly acquired by the European private equity investor Triton and the management of Dematic. The parties agreed not to disclose any details of the purchase price and the transaction is subject to the approval of the antitrust authorities.
The deal completes Dematic’s transformation to an independent company, a process which began last year. Siemens’ Distribution and Industry (DI) business, which was formerly part of its Logistics and Assembly Systems (L&A) division, was given over to Dematic in September 2005 along with the related products and customer service.
Dematic GmbH & Co. KG is a leading logistics automation provider employing around 4,000 people worldwide. The company, under the same management, will continue to trade under the name Dematic.
The Clifford Chance team was headed by partner Jan F. Wrede and included associate Matthias Wahl (both Corporate Finance, Munich), partner Dr. Andreas Dietzel, associate Dr. Michael Willms and associate Nicole Baumeister (all Corporate Finance, Frankfurt), as well as counsel Dr. Andreas Gran, head of the Clifford Chance Transport & Logistics industry group.