Deals & Cases
Eriks to acquire Maagtechnik Business from Dätwyler
On February 10, 2014, Dätwyler Holding AG and Eriks nv entered into a definitive agreement regarding the sale and purchase of the Maagtechnik Business for an undisclosed consideration. Maagtechnik is a leading technical component distribution business for industrial applications in Switzerland, Germany, France and the Czech Republic with approximately 580 employees and sales in 2013 of CHF 150 million. The closing of the transaction is subject to receipt of antitrust approval and other customary conditions precedent, and is expected to occur in April 2014.
Lenz & Staehelin is acting as lead counsel to Eriks nv in this transaction. The team is led by Hans-Jakob Diem (Partner, Corporate) and includes Iliana Djagova and Simone Ehrsam (both Corporate), Peter Ling and Raphael Nusser (both IP), Andreas Lienhard (Employment and Pension), Michele Casale (Real Estate), Matthias Gross (Banking and Finance) and Frank Bremer (Antitrust).