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Binder Groesswang, Brandl & Talos, Schiff Hardin, and Hengeler Mueller Advise on Paramit's Acquisition of System Industrie Electronic

Binder Groesswang, Brandl & Talos, Schiff Hardin, and Hengeler Mueller Advise on Paramit's Acquisition of System Industrie Electronic

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Binder Groesswang, Schiff Hardin, and Hengeler Mueller have advised California-based medical devices and life science instruments manufacturer Paramit Corporation on the acquisition of 100% of shares in Austria's System Industrie Electronic GmbH and its German subsidiary, System Industrie Electronic Deutschland GmbH, from former majority shareholder System Industrie Holding AG (and its ultimate owner, the Filzmaier Private Foundation) and Aws Mittelstandsfonds, a former minority shareholder. Brandl & Talos advised the sellers on the transaction, which remains subject to regulatory clearance in both Austria and Germany.

According to Binder Groesswang, “as part of the S.I.E SOLUTIONS Group, the acquired company is a leading provider of embedded technology solutions and, as a high-tech company and innovation driver, offers a combined portfolio of design, hardware, software, and services to customers across the medical device, IVD, and life science industries."

Binder Groesswang's team was led by Partner Thomas Schirmer, Senior Associate Wolfgang Guggenberger, and Associate Pia-Alena Havel, and it included Partners Johannes Barbist, Christian Wimpissinger, Stefan Tiefenthaler, Markus Uitz, Horst Lukanec, and Christine Dietz, Counsel Hellmut Buchroithner, Senior Associates Regina Kroell, Clemens Willvonseder, Manuel Muellner, Philipp Spring, and Thomas Hartl, and Associates Markus Stelzl, Sara Anahita Bayat, Franz Hufnagl, Artan Duraku, Adam Wu, Nina Niederstrasser, Florian Gruber, and Miriam Imarhiagbe.

Brandl & Talos’s team included Partner Roman Rericha and Associate Stephan Strass.

Schiff Hardin’s team was led by Chicago-based Partner Steve Isaacs and included New York-based Partners Sara Rosenberg and Olga Bogush.

Hengeler Mueller’s team included Partners Daniel Wiegand, Dirk Uwer, Alf-Hendrik Bischke, and Hendrik Bockenheimer and Senior Associates Tobias Bieber, Carsten Bormann, and Selina Rohr.

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