Stuttgart – Electrical power and advanced materials group Mersen SA, listed on Euronext in Paris, has signed a binding agreement to acquire family-owned GAB Neumann GmbH. All parties involved have agreed not to disclose financial details of the acquisition. Completion of the transaction is still subject to the approval of the responsible antitrust authorities and is expected in spring 2020.
A CMS team headed by Lead Partner Dr Heiko Wiechers provided Mersen with comprehensive legal advice on all aspects of the transaction.
Mersen designs innovative solutions for companies in the energy, electronics, transportation, chemical, pharmaceutical and process industries. With more than 6,900 employees in 35 countries, the company generated sales of 878 million euros in 2018.
GAB Neumann is a family business founded in 1965, based in Maulburg, Baden-Württemberg. The company becomes part of the Advanced Materials segment of the Mersen Group.
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