Gleiss Lutz advises Carlyle portfolio company Schaltbau Group on carve-out and sale of SBRS Charging Solutions to Shell

​A Gleiss Lutz team has advised Schaltbau Holding AG, a portfolio company of US financial investor Carlyle Group, on the sale of its subsidiary SBRS (Charging Solutions) GmbH to Shell Deutschland GmbH. Closing of the transaction is still subject to the customary regulatory clearances and is expected to take place during the course of 2022. The parties have agreed not to disclose the purchase price.

SBRS Charging Solutions is a leading specialist in fast-charging infrastructure solutions for electric buses in Germany. The acquisition adds charging infrastructure solutions for electric commercial vehicles to Shell's current German offering.

SBRS GmbH, with registered office in Dinslaken, was active in two different business segments, namely Rail Solutions – mainly devoted to the refurbishment of trains and rail vehicles – and Charging Solutions – offering high-performance charging infrastructure solutions for fleets of electric vehicles. The two business segments became separate legal entities on 1 August 2022. SBRS GmbH's former Rail Solutions unit has since been operating under the name GEZ GmbH (a company providing equipment for electric trains) and continues to be a wholly-owned subsidiary of Schaltbau Holding AG. SBRS GmbH kept its Charging Solutions unit which will now be sold to Shell.

With an annual turnover of around EUR 525 million and roughly 3,000 staff, Schaltbau Group is an internationally leading supplier of technological components and systems for mobile and stationary transportation technology and the capital goods industry. The companies belonging to the Schaltbau Group, with their core brands Pintsch, Bode, Schaltbau and SBRS, develop high-quality engineering and customised technological solutions for railway infrastructure, rail vehicles and road and commercial vehicles. As one of the few specialists for intelligent energy concepts based on direct current, the Schaltbau Group is also an innovation driver for rapidly growing future markets such as new energy/new industry and e-mobility.

The following Gleiss Lutz team advised on the transaction: Dr. Patrick Kaffiné (partner, M&A, lead for the sale), Dr. Stephan Aubel (partner, Corporate/Capital Markets, lead for the carve-out), Dr. Christina Aye (counsel), Dr. Eva Henkel (both Corporate/Capital Markets), Dr. Maximilian Hirsch, Dr. Antonius Mann (both M&A, all Frankfurt), Dr. Walter Andert (Corporate, Capital Markets), Vladislava Berbenkova (M&A), Dr. Alexander Molle (partner), Dr. Hannah Bug (counsel, both IP/IT), Dr. Christian Hamann (partner), Simon Wegmann (both Data Protection, all Berlin), Dr. Jacob von Andreae (partner, Düsseldorf), Dr. Lisa Kappler (Stuttgart, both Public Business Law, Dr. Matthias Werner (counsel, Commercial, Munich), Dr. Ocka Stumm (partner), Julian Kettemer (both Tax), Dr Thomas Winzer (partner), Dr. Tobias Abend (counsel, Employment), Konrad Discher (counsel, Real Estate, all Frankfurt), Dr. Patrick Grüner (counsel, Competition/Antitrust, Stuttgart).