Tesla Acquires Leading German Automation Specialist Grohmann Engineering: Firm Advises Sellers Deutsche Beteiligungs AG and Founder Klaus Grohmann
11 Nov 2016
International law firm Simmons & Simmons advises Deutsche Beteiligungs AG and Klaus Grohmann on the sale of their equity interests in Grohmann Engineering GmbH to Tesla.
Grohmann Engineering is a pacesetter and a world leader in highly automated methods of manufacturing, including for electromobility, and has been owned by Klaus Grohmann (74.9%) and Deutsche Beteiligungs AG (25.1%).
Closing of the acquisition is conditional to the usual closing conditions (including merger clearance approval).
The Simmons & Simmons team was led by Düsseldorf corporate/M&A partner Dr Boris Schilmar who has known Grohmann Engineering for many years and advised them on M&A projects in the past. He was assisted by a Düsseldorf/Frankfurt based team consisting of corporate/M&A counsel Vanessa Nieporte, tax partner Heiko Stoll, tax supervising associate Jochen Beyer, employment partner Verena Braeckeler-Kogel, employment supervising associate Steffen Nguyen-Quang and antitrust supervising associate Dr Martin Gramsch.
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