Gleiss Lutz has advised Daihen Corporation on its acquisition of Lorch Schweißtechnik GmbH.
The acquisition will see Daihen Corporation – a global provider of welding and robotics technologies with over 3,800 employees and annual sales of approximately EUR 1.2 billion – significantly increase its market presence in Germany and across Europe. Both companies will be able to use Lorch's sales and customer service network in future.
For 65 years, Lorch operated as a family-owned business, developing and manufacturing high-quality welding solutions for industry and trade at its headquarters in Auenwald, Germany, at what is today one of the most modern production facilities for welding systems in the world. Lorch's management, sales network and workforce structure will remain unchanged following the change of ownership.
Gleiss Lutz has a leading Asia practice and regularly advises Asian companies on transactions in Germany and around Europe.
The following Gleiss Lutz team headed by Dr. Michael Burian (lead, partner, M&A, Frankfurt), Dr. Yixiao Li (Stuttgart), Josefine Wiegand (Berlin) und Sumiko Sato (Munich, all M&A) advised Daihen Corporation on the transaction: Dr. Tim Weber (partner), Maximilian Leisenheimer (both Frankfurt, both real estate), Dr. Herwig Lux (counsel), Dr. Christopher Noll, Sebastian Walling (all Stuttgart, all IP), Dr. Simon Wegmann (Berlin, data protection), Dr. Johannes Hertfelder (partner, Stuttgart), Kristina Winkelmann (Brussels), Philipp Drixler (Stuttgart, all competition/antitrust), Dr. Rut Steinhauser (partner), Josefine Chakrabarti (counsel), Anke Siemer-Arcq (all Berlin, all employment), Dr. Simon Wagner (counsel, Stuttgart, commercial), Dr. Jan-Alexander Lange (counsel, Frankfurt, banking & finance), Dr. Jacob von Andreae (partner), Dr. Matthias Hahn (both Düsseldorf), Dr. Marc Ruttloff (partner, Stuttgart, all public law), Dr. Ocka Stumm (partner), Dr. Johannes Heck (both Frankfurt, both tax).