PHH Rechtsanwalte has advised CIDAN Machinery Sweden AB on the acquisition of all shares of Forstner Maschinenbau GmbH.
The CIDAN Group is based in Gotene, Sweden, and sells products under the Goteneds, CIDAN, and Forstner brands, through its subsidiaries in Sweden, Denmark, the U.S., China, and now Austria. CIDAN and Forstner have been cooperating since 2011, when CIDAN began selling Forstner machines in North America through its U.S. subsidiary.
The PHH team included Partner Rainer Kaspar and Associate Philip Rosenauer, as well as Partners Annika Wolf, Julia Peier, Nicolaus Mels-Colloredo, and Associate Antonius Maschietto della Rossa. In addition, the auditing and consulting firm KPMG advised in tax and financial aspects.
PHH did not reply to our inquiry about the deal.