Power Integrations, Inc. to acquire CT-Concept Technologie AG
On March 30, 2012, Power Integrations, Inc., a Delaware corporation, through its subsidiaries Power Integrations Netherlands B.V., a Dutch company, and Power Integrations Ltd, a Cayman Islands company, entered into a Share Purchase Agreement with Heinz Rüedi, to acquire CT-Concept Technologie AG, a Swiss company, by acquiring all of the outstanding shares of its Swiss parent companies Concept Beteiligungen AG and CT-Concept Holding AG for approximately 105 million Swiss Francs. The transaction is subject to customary closing conditions.
Lenz & Staehelin advises Power Integrations Group.
The team is led by partners Guy Vermeil and David Ledermann (Corporate/M&A) and includes partner Daniel Schafer (Tax) and associates Nicolas Béguin (Corporate/M&A), Anil Nair (Corporate/M&A), Laurent Kern (Tax), Arnaud Martin (Tax), Sandrine Recordon (Banking) and Fabien Gillioz (Banking).