The Krone Group has announced that it has taken a stake in the Schwarzmüller Group and is entering into an industrial partnership in the European commercial vehicle industry. It was advised in this context by an international team from commercial law firm CMS.
CMS advises Krone Group on investment in Schwarzmüller Group
Düsseldorf, 01.07.2024 – CMS has advised the Krone Group on all legal aspects of its investment in Austria’s Schwarzmüller Group, a major manufacturer of special-purpose vehicles in the commercial vehicle industry with annual sales of EUR 390 million and 1,950 employees. The core team comprised the two CMS partners Dr Ernst-Markus Schuberth in Germany and Alexander Rakosi in Austria together with senior associates Marie-Christine Lidl in Austria and Ole Weyand in Germany. The team’s advice included preparing comprehensive due diligence involving advisors from a number of different jurisdictions (Germany, Austria, Hungary, Czech Republic, Serbia, Ukraine, Croatia, Bosnia). The team also advised on the transaction documentation and negotiation as well as on competition law aspects.
The partnership will enable the two companies to boost the joint expansion of their production networks and to establish extensive service options by offering a complementary product range. Approval of the equity investment is expected soon from the competition authorities, allowing Krone and Schwarzmüller to start on a shared journey into a future characterised by a strong presence in the European market.
CMS Germany and Austria (Transaction Team)
Dr Ernst-Markus Schuberth, Lead Partner, Client Relationship (Corporate/M&A, CMS Germany)
Alexander Rakosi, Lead Partner (Corporate/M&A, CMS Austria)
Marie-Christine Lidl, Lead Senior Associate (Corporate/M&A, CMS Austria)
Katharina Mareike Franitza, Counsel (Corporate/M&A, CMS Germany)
Ole Gunnar Weyand, Lead Senior Associate (Corporate/M&A, CMS Germany)
Rebecca Herlitz, Associate (Corporate/M&A, CMS Austria)
Dr Michael Bauer, Partner (Antitrust, Competition & Trade, CMS Germany)
Benedikt Christian Voss, Associate (Antitrust, Competition & Trade, CMS Germany)
Due Diligence Team Austria
Kai Ruckelshausen, Partner
Lelja Tuholjakovic, Associate, both Banking & Finance
Wolfgang Hellsberg, Senior Associate, Corporate/M&A
Dieter Zandler, Partner, Antitrust
Robert Keisler, Partner, Public Commercial Law
Stefan Honeder, Associate
Florian Liebetreu, Associate, both Procurement
Mariella Kapoun, Partner
Maximilian Uidl, Senior Associate
Clara Puczynski, Associate, all Real Estate & Construction
Jens Winter, Partner
Caroline Pavitsits, Associate, both Employment
Christoph Birner, Associate, Corporate/M&A
Sibylle Novak, Partner
Thomas Aspalter, Senior Associate, both Tax
Hans Lederer, Partner, IP
Livia Landskron, Associate, Corporate/M&A
Andreas Lichtenberger, Senior Associate, Data Protection
Oliver Werner, Partner, Corporate/M&A
Due Diligence Team Germany
Dr Monique Marylou Martinek, Associate, Corporate/M&A
Amelie Schäfer, Partner
Nina Erler, Associate, both Employment
Lydia Lange, Counsel, IP
Maike Füchtmann, Senior Associate, Real Estate & Public
Lena Schauer, Associate, Banking & Finance
CMS Hungary
Andreas Köhler, Partner
Orsolya Pass, Associate, both Corporate/M&A
CMS Czech Republic
Helen Rodwell, Partner
Monika Hospudkova, Associate, both Corporate/M&A
CMS Croatia
Antonija Kanjer, Senior Associate, Real Estate
CMS Bosnia
Indir Osmic, Partner
Ana Terzic, Senior Associate, Corporate/M&A
CMS Serbia
Ivan Gazdic, Partner, Real Estate
CMS Ukraine
Maria Orlyk, Partner
Oleksandra Prysiazhniuk, Senior Associate, both Corporate/M&A
CMS Poland
Blazej Zagorski, Partner
Dominika Pietkun, Associate, both Corporate/M&A
CMS Romania
Horea Popescu, Partner
Raluca Ionescu, Counsel, both Corporate/M&A
Press Contact
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