Gleiss Lutz advises Ingersoll Rand on the acquisition of the SEEPEX Group
Together with Simpson Thacher & Bartlett, a team of Gleiss Lutz lawyers has advised Ingersoll Rand, a technology group listed in the S&P 500 on the New York Stock Exchange, on the acquisition of all the shares in seepex GmbH, a specialist in pump technology. Closing of the transaction with a value of around EUR 431.5 million is expected to take place in the third quarter of 2021 and is still subject to the customary regulatory clearances. Once the transaction has been concluded, the SEEPEX business will be integrated into Ingersoll Rand's Precision and Science Technologies (PST) segment.
Ingersoll Rand is a US technology group headquartered in Swords, Irelands, with its operational head office in Davidson, North Carolina, U.S. Via its subsidiaries, the group of companies manufactures a broad range of mission-critical air, fluid, energy, specialty vehicle and medical technologies, providing services and solutions to increase productivity and efficiency for diverse industries such as the automotive sector, industrial manufacturing, construction and agriculture.
seepex GmbH, based in Bottrop with facilities in North America and Asia Pacific, is a world-leading manufacturer of progressive cavity pumps, a segment of positive displacement pumps that primarily serves water, wastewater, food and beverage, and chemical end markets. With around 800 employees, the company has annual revenue of approximately EUR 160 million.
The following team of Gleiss Lutz lawyers advised Ingersoll Rand on the transaction: Dr. Rainer Loges (partner, lead, Munich), Dr. Maike Sauter (Stuttgart), Andrej Popp (Frankfurt), Dr. Markus Braun, Dr. Olaf Hohlefelder (both Munich, all M&A), Dr. Jens Günther (partner), Dr. Matthias Böglmüller (both Employment), Dr. Matthias Werner (counsel), Dr. Theresa Uhlenhut, Sebastian Girschick, Michael Feilke (all IP/IT), Dr. Manuel Klar (Data Protection), Dr. Iris Benedikt-Buckenleib (counsel, Competition/Antitrust, all Munich), Dr. Jacob von Andreae (partner), Dr. Lars Kindler, Aylin Hoffs (all Public Business Law, Düsseldorf), Dr. Johannes Niewerth (partner), Lesley Milde (both Real Estate, Hamburg), Dr. Stefan Mayer (partner), Dr. Ocka Stumm (both Tax), Dr. Thomas Kulzer (counsel, Finance, all Frankfurt).