Gleiss Lutz advises Sumitomo on the sale of Kienle + Spiess
A Gleiss Lutz team has advised Japanese corporation Sumitomo Corporation on the sale of its shares in Kienle + Spiess, an expert supplier of rotors and stators, the power-generating core components of electric motors and generators, to Swiss Feintool International Holding AG. The acquisition is subject to customary closing and regulatory conditions and approvals.
Sumitomo Corporation is a listed Japanese trading company. The group, employing approximately 75,000 staff around the globe, operates in 65 countries and regions.
Established in 1935 in Sachsenheim, Germany, Kienle + Spiess, is an internationally leading manufacturer of highly efficient rotors and stators, which allow the increase of the efficiency of motors and generators. The company's products are used in industrial applications, motor vehicles, pumps, generators and renewable energy systems. Kienle + Spiess employs around 872 employees and has three international locations: Sachsenheim (DE), Vaihingen/Enz (DE) and Tokod (HU).
The following Gleiss Lutz team under the lead of Dr. Michael Burian (partner) and Dr. Martin Lembke (counsel) advised Sumitomo on the transaction: Alexandra Brücher, Dr. Anselm Christiansen, Ivana Robitzsch (all Stuttgart, all M&A), Dr. Alexander Fritzsche (partner), Kristina Winkelmann (both competition law, both Frankfurt), Dr. Stefan Mayer (partner), Dr. Ocka Stumm (both tax, Frankfurt), Dr. Alexander Nagel (counsel, restructuring, Düsseldorf), Dr. Martin Diller (partner, Stuttgart), Dr. Rut Steinhauser (partner), Josefine Chakrabarti (all employment, both Berlin), Dr. Herwig Lux (counsel), Dr. Christopher Noll (both IP/IT, both Stuttgart), Aylin Hoffs (Düsseldorf), Dr. Christiane Freytag (counsel, both public law, Stuttgart), Maximilian Leisenheimer (real estate, Frankfurt), Simon Wegmann (data protection, Berlin).
Gleiss Lutz has a leading Japan practice which frequently advises Japanese companies on M&A deals. This year, the law firm has already provided advice to Nippon Investment Company on the acquisition of the Japanese subsidiary of Pieroth Wein AG, AEON in connection with the IPO of Signa Sports United by way of a De-SPAC transaction as well as Mitsubishi Electric on the sale of its shares in Sapcorda Services.