Gleiss Lutz has advised the Japanese JVCKENWOOD Corporation on its acquisition of all shares in German medical technology specialist Rein medical GmbH. The parties have agreed not to disclose the purchase price.
JVCKENWOOD is a global electronics company that manufactures electronic products under the JVC and Kenwood brands (e.g. radios, loud speaker systems and cameras). In addition, JVCKENWOOD has a strong healthcare division and also produces medical displays, among other products, and develops and manufactures medical testing and diagnosis systems. With the purchase of Rein medical, which will be wholly owned by JVCKENWOOD, the group continues pursuing its strategic path of growth in the healthcare sector.
Rein Medical manufactures and develops software and hardware solutions for the medical IT sector, offering an extensive portfolio consisting of hardware, software, infrastructure and a large range of services and add-on products. Rein medical is regarded as specialists for operating room integration solutions across the entire workflow – from PCs and monitors to DICOM connectivity, right through to clinic-wide image and video management.
Headed by Dr. Michael Burian (lead, partner) and Dr. Christopher Vogl (both corporate/M&A), the Gleiss Lutz team comprised: Anselm Christiansen, Dr. Martin Lembke (counsel, both corporate/M&A, all Stuttgart), Dr. Rut Steinhauser (employment, Berlin), Sophia Ostler (IP), Dr. Petra Linsmeier (partner) and Kathrin Haag (competition/antitrust, all Munich).
Gleiss Lutz has a leading Japan Practice which frequently advises Japanese companies on acquisitions in Germany, e.g., most recently, Nidec Corporation on its acquisition of driveXpert GmbH, Showa Denko K.K. on the sale of the US graphite electrode business of SGL GE Holding GmbH to Tokai Carbon, and shipping company Kawasaki Kisen Kaisha, Ltd. on the sale of Hamburg-based shipping company SAL Heavy Lift GmbH to SALTO Holding GmbH & Co. KG, a subsidiary of Bremen-based shipping company Harren & Partner.
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