Stuttgart – The Swedish appliance company, Electrolux, has acquired Schneidereit GmbH.
A team from CMS Germany led by lead partner Dr Thomas Meyding advised Electrolux on all legal aspects of the transaction. The transaction is still subject to clearance by the competition authorities.
Schneidereit GmbH offers laundry machines and laundry systems, including service solutions for professional customers in Germany and Austria.
Electrolux annually sells more than 60 million products to customers in more than 150 markets. In 2016 Electrolux employed roughly 55,000 employees around the world. By acquiring Schneidereit GmbH Electrolux is able to develop its product offer within the professional laundry business and thus supports long-term growth in Europe.
Dr Thomas Meyding, Lead Partner
Dr Kai Wallisch, Counsel
Dr Kristina Mack, Senior Associate, all M&A
Yvonne Wolfgramm, Partner
Laura Matarrelli, Senior Associate
Henrike Seifert, Senior Associate
Viktoria Afanasjew, Associate, all Labor, Employment & Pensions
Dr Klaus Ikas, Partner
Thomas Fröhlich, Associate, both Intellectual Property
Dr Michael Kraus, Partner
Dr Huy Do Chi, Associate, both TMC
Dirk Loycke, Partner
Patrick Zimmermann, Senior Associate, both Commercial
Dr Martin Mohr, Counsel, Tax