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Cerha Hempel Advises Strabag on Sitec and Wieser Acquisitions

Cerha Hempel Advises Strabag on Sitec and Wieser Acquisitions

Austria
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Cerha Hempel has advised Austria's Strabag on the acquisition of the Sitec Verkehrstechnik and Wieser Verkehrssicherheit road safety companies.

Strabag is a construction group in Central and Eastern Europe.

Sitec and Wieser, run by the Thaler family, are suppliers in the fields of road restraint systems and traffic safety.

The Cerha Hempel team included Partners Albert Birkner and Bernhard Kofler-Senoner, Senior Associates Martin Eichinger and Philipp Schaubach, and Associates Jakob Weber and Liliana Niederhauser.

Editor's Note: After this article was published, Cerha Hempel informed CEE Legal Matters that the sellers – Burkhard Thaler for Sitec; Sebastian and Daniel Thaler for Wieser – were advised by solo practitioner Klaus Plaetzer.