Hamburg – The Freudenberg Group, based in Weinheim, southern Germany, has sold its entire stake in Freudenberg Schwab GmbH to Trelleborg Holdings Germany GmbH. Freudenberg Schwab is a leading manufacturer of air suspension systems for rail vehicles and industrial applications. It is headquartered in Velten in the state of Brandenburg and has a subsidiary in Switzerland. The transaction is currently awaiting approval from the competition authorities. The purchase price was not disclosed.
A team headed by lead partner Dr Henrik Drinkuth advised the Freudenberg Group on all legal aspects of the sale.
The Freudenberg Group is a global technology company which supplies a wide range of sectors, including the automobile, engineering, textile, construction and telecommunications industries. The company employs over 40,000 people in around 60 countries and generated sales of more than EUR 7.5 billion in 2015 (including pro-rata consolidation of joint ventures).
Stuttgart-based Trelleborg Holdings Germany GmbH is a subsidiary of listed Swedish company Trelleborg AB and forms part of Trelleborg Industrial Solutions – a leading supplier of advanced seals and sealing solutions.
CMS Hasche Sigle
Dr Henrik Drinkuth, Lead Partner
Dr Anja Wiedemann, both Associates, all Corporate/M&A
Bernd Roock, Partner, Labor, Employment & Pensions
Dr Tim Reher, Partner
Christoff Henrik Soltau, Counsel
Dr Jan-Christoph Rudowicz, Associate, all Competition & EU
Dr Fritz von Hammerstein
Dr Sebastian Orthmann, both Partners
Claire Monika Proebstle
Felix Stoecker, both Associates, all Real Estate & Public
Dr Olaf Thießen, Counsel, Tax