CMS Hasche Sigle advises Nimbus on sale of Ergocast foundry

The European holding company Nimbus has acquired the Ergocast foundry in Jünkerath from Demag Ergotech GmbH, a company belonging to mpm Mannesmann Plastics Machinery. This investment will fund technical and commercial improvements to satisfy the requirements of the global market. Details of the purchase price were not disclosed. A team led by Alexander Taft, Munich partner of CMS Hasche Sigle, provided advice on this transaction.

The originally Dutch holding company Nimbus has majority shareholdings in approx. 20 small and medium-sized businesses across Europe with more than 3000 staff and a sales volume of approx. one billion euros. The portfolio principally comprises companies in the mechanical engineering, automotive supply and tooling manufacturers sector. There is already one foundry in the portfolio.

Ergocast produces more than 18,000 tonnes of complex cast parts annually; these are used worldwide in energy, power and wind technology, hydraulics and mechanical and plant engineering. Siemens, Bosch Rexroth, the ZF group and the Mannesmann Plastics Machinery group are among its major customers. The foundry has more than 260 employees.

Adviser to Nimbus
CMS Hasche Sigle
Alexander Taft (M&A, Lead Partner)
Dr Peter von Borch (M&A)
CMS GmbH Steuerberatungsgesellschaft mbH
Dr Angelika Thies (tax)
Dr Stephan Wachter (tax)

Contact CMS Hasche Sigle:

Alexander Taft
Tel.: +49 (0) 89 23807-251
E-mail: Alexander.Taft@cms-hs.com

About CMS Hasche Sigle:

CMS Hasche Sigle is one of the leading German law firms with more than 480 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. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai.

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 independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 48 business centres in Europe and further afield on legal and tax issues.

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 58 offices in 25 countries around the world.

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