Capital increase: CMS advises shareholders of connectivity specialist Weidmüller on investment by Joachim Herz Foundation
Munich, 19.07.2024 – The Hamburg-based Joachim Herz Foundation has acquired a stake in Weidmüller, a global leader in electrical connectivity and automation, as part of a capital increase. The foundation now holds around 20% of the shares in the family company. Weidmüller has been owned by the Gläsel family for nearly 100 years. The investment is aimed at long-term development of the company. Weidmüller intends primarily to accelerate growth and expand its international operations. A particular focus here is on innovative solutions for electrification, automation and digitalisation.
A CMS team headed by lead partner Dr Michael Wangemann advised the Weidmüller shareholders on all legal aspects of the transaction.
Established in 1850, Weidmüller is now a global provider of solutions for electrical connectivity, automation and digitalisation. The company employs around 6,000 people and has a presence in more than 80 countries through its production sites and sales offices. It generated worldwide sales of over a billion euros in the 2023 financial year.
CMS Germany
Dr Michael Wangemann, Lead Partner
Dr Christoph Küster, Counsel
Viktoria Barthel, Senior Associate
Maria Kucher, Associate
Jonas Häußler, Senior Legal Specialist, all Corporate/M&A
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