CMS Hasche Sigle advises ABB on the sale of its worldwide industrial furnace activities to financial investors

The ABB group has sold its worldwide industrial furnace activities to ABP Induction, LLC (USA). ABP Induction, LLC, is controlled by CM Acquisitions, a financial investor from Chicago, USA. A team of lawyers from CMS Hasche Sigle, led by the Stuttgart partner Dr Thomas Meyding, advised ABB on the transaction. 
ABB is the market leader in energy and automation technology and enables its customers in energy supply and industry to improve their services whilst simultaneously reducing environmental pollution. ABB employs approx. 103,000 employees in roughly 100 countries. 
Advisors ABB 
CMS Hasche Sigle, Stuttgart 
Dr Thomas Meyding – lead partner/M&A 
John Hammond – M&A/corporate 
Dr Barbara Wössner – M&A/corporate 
Dr Heiko Wiechers – M&A/corporate 
Dr Thilo Rott – M&A/corporate 
Dr Werner Walk – employment 
Dirk Loycke – customer and supply agreements 
Dr Wolfgang Bartels – customers and supply agreements 
Dr Rolf Hempel – competition 
Dr Klaus Ikas – IP 
Dr Axel Funk – IT/transitional services 
Dr Gregor Zeifang – IT/transitional services 
Contact CMS Hasche Sigle: 
Dr Thomas Meyding 
Tel.: +49 (0)711 / 9764-388 
E-mail: Thomas.Meyding@cms-hs.com 
About CMS Hasche Sigle: 
CMS Hasche Sigle is one of the leading German law firms with more than 420 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. 
CMS Hasche Sigle operates at all the major business centres. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Prague. 
CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com 
CMS Hasche Sigle is a member of CMS, an alliance of leading European law firms. With over 575 partners, a total of 2,000 lawyers and tax consultants and around 3,800 support staff we advise our clients in 24 countries in Europe and further afield on legal and tax issues. 
Local strength and legal tax advice tailored to the requirements of the market combined with a substantial amount of business and organisational integration form the basis for high-quality international legal advice. 
In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 24 countries in Western and Central Europe, North and South America, Asia and North Africa. 
For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see www.cmslegal.com