Advant Beiten and Advant Nctm have advised Comer Industries S. p. A. on the acquisition of German-based Walterscheid Powertrain Group. Freshfields Bruckhaus Deringer reportedly advised WPG on the deal.
Comer Industries is a global developer and manufacturer of mechatronic solutions and integrated drive systems for manufacturers of agricultural and industrial machinery, headquartered in Reggiolo, Italy.
WPG is a provider of drive systems and services for off-highway and industrial applications, headquartered in Lohmar near Cologne, Germany.
According to Advant, “the merger of Comer Industries, listed on the Borsa Italiana, with WPG will create one of the world's largest suppliers of drive solutions in the agricultural sector, with an expected combined turnover of EUR one billion in 2021.”
Advant Beiten’s team in Moscow included Partner Vasily Ermolin, and further teams in Germany and Italy.
