Eisenberger & Herzog has advised Krenhof AG on its merger with Pankl Racing Systems AG. Oberhammer advised Pankl Racing Systems on the merger.
According to Eisenberger & Herzog, the signing took place on December 11, 2020, and the deal is expected to be closed at the beginning of 2021. Financial details of the deal were not disclosed.
Krenhof AG is an Austrian manufacturer of drop forged parts and forged hand tools. Pankl Racing Systems AG is an Austria-based system supplier to the racing automobile, luxury automobile, and aviation industries that employs around 1,600 people worldwide.
Eisenberger & Herzog’s team consisted of Partners Alric Ofenheimer, Christopher Engel, Dieter Thalhammer, and Tatjana Katalan, Lawyer Stefan Wartinger, and Trainee Lawyer Susanna Falkenburg.
Oberhammer’s team included Partners Fritz Ecker and Christian Pindeus.