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CMS Germany advises Hexagon Composites on the Acquisition of xperion E&E

07/10/2016

Berlin – Hexagon Composites ASA ("Hexagon") has acquired from AVANCO GmbH all shares in xperion Energy & Environment GmbH ("xperion E&E"). In addition, the listed Norwegian manufacturer of composite pressure cylinders for gases and alternative energy, such as hydrogen, has acquired intellectual property rights pertaining to xperion E&E. The total net cash consideration amounted to approximately EUR 40 million.

CMS Germany and the Norwegian law firm Schjødt have jointly advised Hexagon on all legal aspects of the transaction. Hexagon and Schjødt have already been working together prior to this Transaction. Schjødt involved CMS, as both law firms have a long-standing relationship as members of the World Law Group, an international network of law firms advising on economic law. The team of CMS lawyers involved in the transaction was headed and coordinated by Ralf Kurney and Dr Igor Stenzel.

The acquired xperion E&E produces high-pressure vessels and systems for light-duty vehicles, heavy-duty trucks and transit buses, as well as gas transportation solutions at its production plants in Kassel and Ohio/USA.

The combined companies Hexagon and xperion E&E will have a strong position in providing hydrogen applications for cars, buses and railroads. By the acquisition Hexagon further strengthens its commitment to alternative energy solutions.

CMS Hasche Sigle

Ralf Kurney,
Dr Igor Stenzel,
Patrick M. Lühr,
Dr Hanna Heimrath, all Corporate/M&A

Dirk Loycke,
Dr Kai-Oliver Giesa, both Commercial

Prof. Dr. Marion Bernhardt,
Dr Martina Jentsch, both Employment

Dr Jens Moraht,
Dr Florian Lörsch, both Finance

Prof Dr Winfried Bullinger,
Dr Katharina Garbers-von Boehm, both Intellectual Property

Dr Benjamin Schirmer,
Dr Katayun Zierke, both Public

Anton Glab, Real Estate

Marcus Fischer,
Alexander Schmitt, both Tax

Dr Rolf Hempel, Competition

Press Contact
presse@cms-hs.com

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Press Release Hexagon Composites, 07/10/2016
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