‘We provided Frauscher's management with comprehensive advice on corporate and tax law in structuring and executing the transaction. We are proud to have been able to support this project, which represents a significant milestone in Frauscher's development,’ says partner Sibylle Novak.
Alongside her, solicitor Thomas Aspalter was part of the CMS team. Delachaux was represented by Baker McKenzie under the leadership of partner Gerhard Hermann. Wabtec was advised by Jones Day Frankfurt and the team there led by partner Johannes Willheim.
The closing took place on 1 December 2025. The purchase price is EUR 675 million (enterprise value). Frauscher was founded in 1987 and is one of the world's leading suppliers of train detection, axle counting and route monitoring systems. The company employs over 700 people in 15 countries.
