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CMS Hasche Sigle advises Techem AG on the acquisition of heimer Concept GmbH

04/08/2005

The MDAX-listed Techem AG, Eschborn, a leading European service company in housing and property management concerned with the recording, distributing and billing data relating to energy and water consumption, has acquired 100% of the shares in heimer Concept GmbH, Gütersloh, through its wholly-owned subsidiary Techem Energy Services GmbH. Led by Frankfurt partner Dr Andreas Zanner a team from CMS Hasche Sigle advised Techem on the transaction. The purchase price has not been disclosed.

The directing shareholders of heimer Concept GmbH which hitherto was owner-operated have decided to sell the business owing to the lack of successors to ensure the continuation of the operative business. Like Techem the company is active in the sector of energy costs billing; it generated a turnover of EUR 22.8 million and an EBIT of EUR 2.5 million in the 2004 business year (31.12.2004). There was an annual surplus of EUR 1.7 million. In 2004 heimer Concept employed an average 190 employees and had over 40,000 active customers. With a total stock of nearly 2.5 million meters heimer Concept has a German market share of 2.5% (Fachverband ARGE of 30.09.2004).

Techem will finance the entire purchase price with borrowed capital. heimer Concept will be quickly integrated into the organisation of Techem AG in order to achieve an EBIT-margin of 20% within the next 12 to 18 months.


Advisors to Techem AG
CMS Hasche SigleDr Andreas Zanner, lead partner, Frankfurt (corporate)
Dr Stefan Lehr, partner, Frankfurt (competition)
Techem AG In-house Lawyer
Kira Albrecht, in-house lawyer

Advisors to heimer Concept GmbH
BDPHG Brandi Dröge Piltz Heuer & Gronemeyer
Dr Franz Tepper, Gütersloh


Contact CMS Hasche Sigle:

Dr Andreas Zanner
Tel.: +49 (0) 69 / 71701-139
E-mail: [email protected]

Background

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, Prague 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 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 in 24 countries in Europe and further afield on legal and tax issues.

Local strength and legal 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 Klainguti Stettler Wille (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 .