Binder Groesswang has advised OBB-Technische Services on the establishment of a joint venture with Voestalpine Stahl for the purpose of freight wagon production. Schoenherr’s multi-office team advised the co-venturer on the deal. Gleiss Lutz reportedly acted as a local advisor in Germany to Voestalpine.
According to Binder Groesswang, the goal of the joint venture, operating as TransAnt, is “to create market capacities in the area of innovative and cost-efficient freight wagons and maintain the necessary agility across group boundaries. The firm reported that each partner will hold a 50% stake in the new company.
OBB-Technische Services is a subsidiary of the OBB Rail Cargo Group, which employs 9,340 people and has a turnover of approximately EUR 2.3 billion.
Voestalpine is a Linz-based producer of steel and technology solutions used in automotive, consumer goods, aerospace, oil and gas industries, and railway industries, among others. It consists of 500 companies across 50 countries and currently employs around 49,000 people worldwide.
Binder Groesswang’s team included Partners Christian Zwick, Andreas Hable, and Johannes Barbist, Counsel Michael Horak, Attorneys-at-Law Moritz Salzgeber, Philipp Spring, and Clemens Willvonseder, and Associates Erik Pinetz, Manuela Wenger, and Florian Dollenz.
Schoenherr’s team consisted of, in Vienna, Partners Thomas Kulnigg, Franz Urlesberger, Christoph Haid, and Michael Woller, Counsel Johannes Stalzer, and Attorneys-at-Law Johannes Frank and Michael Stimakovits; and in Warsaw, Attorney-at-Law Pawel Kulak.