Munich – International energy technology group Siemens Energy has sold its high-voltage components division, Trench Electric, to Fonds V, a fund advised by private equity investor Triton. The unit specialises in instrument transformers and coils and is regarded as a world leader in its markets. It has 2,400 employees in Europe, North America and China. Trench’s nine locations are spread across countries including Germany, Austria, France, Italy, Canada and Bulgaria. Completion of the sale is expected in the first half of next year. The deal is currently awaiting approval from the competition authorities. Details of the transaction were not disclosed.
An international CMS team headed by partner Jörg Schrade advised Siemens Energy on all tax aspects of the transaction. The contract negotiations and the structuring of the divestment were key elements of the advice.
CMS Germany
Jörg Schrade, Lead Partner
Eduard Kosavtsev, Senior Associate, both Tax
CMS Austria
Dr Sybille Novak, Partner
Thomas Aspalter, Associate
Dr Bernhard Oreschnik, Associate
CMS France
Johann Roc’h, Partner
Emilie Faravel-Xerri, Associate
CMS China
Gilbert Shen, Counsel
CMS Italy
Carlo Gnetti, Partner
CMS Bulgaria
Alexander Rangelov, Senior Associate
Davies Ward Phillips & Vineberg (Canada)
Marc André Gaudreau Duval, Partner
Marc Pietro Allard, Associate
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