The Pelister Atayilmaz Enkur law office and Abcoo have advised the Egeli Egesan Group and its shareholders on the sale of a 75% stake in the group to Tyrolit. GEMS Legal Schindhelm advised the buyer.
The Egeli Egesan Group is a Turkish abrasive products manufacturer. Swarovski Group company Tyrolit specializes in grinding and dressing tools manufacturing and produces machines for the construction industry.
"The successful direction of our business activities and our solid economic base were crucial factors for this important acquisition, both from a strategic as well as operational point of view," Tyrolit CEO Thomas Friess commented. "It strengthens our competitiveness and provides access to the growing markets in the Middle East. Being a global leader in abrasives technology we will offer our customers in the Middle East an entire range of products from a single source and our expertise to optimize manufacturing processes and reduce production costs."
The PAE team was led by Partner Zeynep Sener and included Associates Behiye Gokceli and Sertac Kocahal.
The Abcoo team included Partner Can Oguzer and Associate Ezgi Aysima Kir.
The GEMS Legal Schindhelm team was led by Partner Gurkan Erdebil and included Partners Muge Sengonul and Senem Kathrin Gucluer and Associates Zeynep Kafa and Izel Tamir.
