CMS advises major shareholders in SLM Solutions on merger with GE Germany

Frankfurt – GE Aviation has announced its decision to make a voluntary public takeover offer to the shareholders of SLM Solutions Group AG. The takeover offer will be made by a German member of the General Electric Group, GE Germany Holdings AG. The offer price is EUR 38 per share, which is 36.7% above the XETRA closing price on 5 September 2016. Immediately prior to publication of the offer decision, a Business Combination Agreement was concluded with the company and share acquisition agreements were signed with anchor shareholders of SLM Solutions. The transaction is worth a total of some EUR 683 million.

A team headed by Dr Henrik Drinkuth and Dr Sebastian Orthmann advised the major shareholders in SLM Solutions on all legal aspects of the transaction. The anchor shareholders include Ceresio GmbH, a company majority owned by company founder Hans-Joachim Ihde; Parcom Deutschland I GmbH & Co. KG; and Board member Henner Schöneborn and his family. Collectively they hold around 31.5% of the shares in the target.

Lübeck-based SLM Solutions Group AG is a leading provider of metal-based additive manufacturing technology (3D printing). The company focuses on the development, assembly and sale of machines and integrated system solutions in the field of selective laser melting as well as vacuum and metal casting equipment. SLM Solutions currently has more than 310 employees in Germany, the USA, Singapore, Russia and China. In the 2015 financial year it generated sales of more than EUR 60 million.

CMS Hasche Sigle

Dr Henrik Drinkuth, Coordination
Dr Sebastian Orthmann, Client Relationship Partner
Dr Anja Wiedemann, Associate, all Corporate/M&A
Christoff H. Soltau, Counsel, Competition

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