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CHSH Advises on Acquisitions of RobArt Stakes

CHSH

Austria
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Cerha Hempel Spiegelfeld Hlawati has advised the venture capital arm of the German Bosch Group and the French Groupe SEB in connection with acquisitions of stakes in the Austrian high-tech startup RobArt.

This represents the Bosch Group's first investment in Austria, and the acquisition was accomplished by means of a capital increase, performed at the same time as the acquisition of a stake in the FCPR Technocom 2 venture capital fund, managed by Innovacom. 

The Bosch Group is a leading global supplier of technology and services with an annual turnover of approximately EUR 46 billion. 

Groupe SEB is a world leader in small electronic household appliances with an annual turnover of approximately EUR 4 billion. The brand portfolio of Groupe SEB includes, among others, Tefal, Rowenta, Moulinex and Krups.

RobArt specializes in the development of autonomous mobile robots for both consumer and industrial applications, all of which are based on Artificial Intelligence Control Unit technology.

"We're extremely pleased to have advised the Bosch Group and Groupe SEB in connection with this investment", said Partner Johannes Aehrenthal, a member of the CHSH team on the deal. "This transaction underscores our view that there's continued interest in innovative Austrian companies," added Partner Mark Krenn, who also worked on the deal.

Aehrenthal and Krenn were assisted by Associate Stephanie Sauer.

 

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