Brandl & Talos and SMP’s Berlin office have advised System Industrie Electronic Holding on the acquisition of a 70.1% stake in Elektromotorenwerk Grunhain.
The deal is expected to close on January 1, 2021, and financial details were not disclosed.
Elektromotorenwerk Grunhain is a developer and manufacturer of electric motors and drive components for a wide variety of industrial applications. The company employs around 270 people at locations in Grunhain-Beierfeld, Germany, and Gabrovo in Bulgaria.
SIE Holding leads a group of companies that offer electronics solutions, components, and services to industrial companies for their applications in the fields of medicine, government, security, and industry.
According to Brandl & Talos, “together with the EMGR management, SIE Holding intends to expand the company, particularly in the further development of innovative electronic controls and systems for engine applications as well as in the area of cargo e-mobility.”
The Brandl & Talos team consisted of Partner Roman Rericha and Lawyer Stephan Strass.
SMP’s team included Partner Tim Schloesser and Senior Associate Leonie Hartz.
Brandl & Talos did not reply to an inquiry about the deal.
