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CMS Hasche Sigle advises Kennametal on its takeover of the Sintec company group

13/06/2006

Kennametal Inc, a worldwide leader in the supply of tooling systems, construction parts and modern high-performance materials for manufacturing processes with approx. 14,000 employees worldwide and an annual turnover of more than USD 2.3 billion will take over the Sintec company group with its registered seat in Buching, Germany. Under the leadership of Frankfurt partner Dr Heike Wagner a team from CMS Hasche Sigle advised Kennametal on the transaction, which is still subject to approval by the regulatory authorities. This is the third transaction within the last three months for Kennametal which has been successfully led by Dr Heike Wagner and Stefan Lehr of CMS Hasche Sigle.

The Sintec company group, which has further locations in Schongau/Germany, Biel/Switzerland, Shanghai/China, Hong Kong, Newport/Great Britain and in Connecticut/USA, manufactures technical construction components which are used in aeronautics and space travel, semiconductor technology, wear technology and medicine.
The takeover of the Sintec company group continues Kennametal's approach of growing through takeovers in areas with highly developed materials and technical construction parts. Kennametal already manufactures ceramic systems for metal cutting. By taking over Sintec the company is breaking into neighbouring technological and geographic markets.


Adviser to Kennametal

CMS Hasche Sigle
Dr. Heike Wagner, Frankfurt (M&A / corporate), Stefan Lehr, Frankfurt (competition),
Associates:Till Liebau, Frankfurt (M&A / corporate), Dr Sven Borngräber, Frankfurt (employment), Catherine Byers, Stuttgart (due diligence Great Britain)
Dr Ulrike Glück, Shanghai (for China/Shanghai)
CMS von Erlach Henrici (for Switzerland)
Dr Kaspar E. Landolt
Dominique Gemperli


Contact CMS Hasche Sigle:

Dr Heike Wagner
Tel.: +49 (0) 69 / 71701-322
E-mail: [email protected]



About CMS Hasche Sigle:

CMS Hasche Sigle is one of the leading German law firms with more than 420 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. CMS Hasche Sigle operates at all the major business centres. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Prague.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading European law firms. With over 575 partners, a total of 2,000 lawyers and tax consultants and around 3,800 support staff we advise our clients at commercial locations in 24 countries in Europe and further afield on legal and tax issues.

Local strength, legal and tax advice tailored to the requirements of the market combined with a substantial amount of business and organisational integration form the basis for high-quality international legal advice.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 24 countries in Western and Central Europe, North and South America, Asia and North Africa.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see www.cmslegal.com .