Gleiss Lutz advises the Chinese Triumph Science&Technology Group on increasing its participation in the listed Singulus Technologies
Gleiss Lutz advised the Chinese state-owned group CNBM (China National Building Materials) and its subsidiary Triumph Science&Technology Group Co., Ltd (“Triumph”) on expanding their interest in the listed Singulus Technologies Aktiengesellschaft (“Singulus”). The Chinese group was also advised by Gleiss Lutz when Triumph first acquired a 13% stake in Singulus in 2018.
Singulus, listed in the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange and having its registered office in Kahl am Main, is the parent company of the Singulus Group, which develops, manufactures and sells machines and systems worldwide for production pro-cesses in the areas of vacuum coating, surface processing and wet-chemical processes for vari-ous end applications. These machines are used in different industries such as, for example, the solar, semiconductor and consumer good industries, medical technology as well as for the pro-duction of optical discs. The Singulus Group currently has around 320 employees. The Triumph Group is active in many areas having to do with engineering, general contractorship as well as project management with respect to the building materials industry, especially as regards steel and glass technology, “cement engineering” and “new energy engineering”.
Led by Dr. Christian Cascante (Frankfurt, partner, corporate/M&A), the Gleiss Lutz team was made up of the following lawyers: Sava Kasaliyski (corporate/M&A, Stuttgart), Jan-Rasmus Roßkamp (corporate and capital markets, Frankfurt), Florian Schorn (corporate/M&A, Munich).