Leipzig – Funkwerk AG has sold 100% of the shares in its subsidiary ALPHA Meß-Steuer-Regeltechnik GmbH ("ALPHA GmbH") to an investment firm held by Bilfinger Berger Industrial Services GmbH. The purchase agreement was signed today. The purchase price was not disclosed.
A team from CMS Hasche Sigle led by lead partner Eckhart Braun advised Funkwerk AG on all aspects of the sales process.
The sale of the subsidiary enables Funkwerk AG to make an important strategic step towards concentrating on its core business areas. Funkwerk specialises in solutions-driven information and communications systems for transport and traffic, safety and vehicles.
The most recent figures show that ALPHA GmbH generated sales of some EUR 17 million in electrical plant engineering for energy suppliers and the process industry. The transaction is subject to suspensive conditions, which in all likelihood will be satisfied during the current financial year.
Advisers CMS Hasche Sigle:
Eckhart Braun, Corporate, Lead Partner
Dr Andreas Geist, Corporate
Dr Katja Schönberger, Corporate