Cologne – The international Sievert Group completed a complex and comprehensive project to reorganise its corporate structures at the start of the new year. In the first half of last year, the company had already undergone a conversion from Sievert AG to Sievert SE (a European stock corporation, or Societas Europaea) to reflect its new international strategy. In addition, all the Group’s logistics services have been brought together in Sievert Logistik SE. The reorganisation process included streamlining a corporate structure that had evolved over many years, with most of the previous 50+ companies being integrated into the newly established subgroup entities covering the building materials and logistics sectors.
A CMS team headed by lead partner Prof. Björn Gaul and Dr Alexandra Otto (Employment) together with Dr Dirk Jannott (Corporate) advised the Sievert Group on all legal aspects of the strategic realignment and reorganisation. This comprised the full range of advice from developing the overarching plan to implementing it. The project also involved preparing and implementing the establishment of two SEs, including at the level of the group parent. CMS specialists from all relevant jurisdictions collaborated across divisions and locations to address employment, corporate and tax law issues. Most recently, CMS successfully advised on further streamlining of the corporate structure with effect from the start of the new year. The focus here was on the building materials and logistics divisions and involved merging numerous subsidiaries and sub-subsidiaries into the two new subgroup entities.
Osnabrück-based Sievert Group is an international company specialising in building materials and logistics solutions. It operates out of around 60 locations across Germany, Europe and China. According to the company’s own figures, it employs some 1,800 people and generates sales in excess of EUR 400 million.
Prof. Björn Gaul, Lead Partner
Dr Alexandra Otto, Partner
Kai Roters, Associate, all Labor, Employment & Pensions
Dr Dirk Jannott, Partner
Artur Baron, Senior Associate, both Corporate/M&A
Thomas Gerdel, Partner
Dr Martin Friedberg, Counsel, both Tax