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CMS Hasche Sigle assists Maxcor and MAG Industrial Automation Systems on acquisition of the Boehringer group from IWKA AG

28/12/2006

MAG Industrial Automation Systems, the US group based in Sterling Heights, Michigan, has now also taken over the Boehringer group from IWKA AG. This takeover, the fourth in the last two years, brings to 16 the number of companies in MAG Industrial Automation Systems' portfolio which provide manufacturing solutions, in particular in the automotive sector. MAG Industrial Automation Systems was advised on the transaction by a team of lawyers from CMS Hasche Sigle led by Stuttgart partner Dr Jochen Lamb. Dr Lamb and his team had already advised on the previous acquisition of the ThyssenKrupp metalcutting group and the Ex-Cell-O-group from the IWKA AG. Boehringer, a supplier of machine tools worldwide, specialises in crankshaft machining. The takeover of the Boehringer group involves several companies in four countries – Germany, the USA, Switzerland and Canada. In the financial year 2005 the Boehringer group generated turnover of approx. USD 140 million. Details of the purchase price were not disclosed.


The acquisition of the Boehringer group forms part of the strategy of MAG Industrial Automation Systems, which was created by Maxcor, Inc. and its CEO Mo Meidar, to create a leading global group of companies in the engineering, production and service sectors. The acquisition of the Boehringer group completes the series of important takeovers, including Cincinnati Lamb in April 2005, ThyssenKrupp Metalcutting group in October 2005 and the Ex-Cell-O-group in February 2006.




Advisers to Maxcor Inc.


CMS Hasche Sigle
Dr Jochen Lamb - partner (Lead Partner, Corporate)
Dr Antje Becker - partner (Corporate, Due Diligence Coordination)
Vladimir Cutura - associate (Corporate, Due Diligence)
Dr Angelika Thies - partner (Tax)
Jesko Nobiling - associate (Tax)
Dirk Loycke – partner (Commercial Contracts)
Dr Wolfgang Bartels - associate (Commercial Contracts)
Dr. Dr Stefan Voss, associate (Real Property, Environment)
Dr Klaus Ikas – partner (IP)
Dr Martin Gerlach - associate (IP)
Dr Werner Walk - partner (Labor)
Dr Harald Kahlenberg - partner (Antitrust)
Dr Rolf Hempel - associate (Antitrust)
Dr Axel Funk – partner (IT/Transitional Services)
Dr Gregor Zeifang – associate (IT/Transitional Services)



Contact CMS Hasche Sigle:


Dr Jochen Lamb
Tel.: +49 (0)711 / 9764-262
E-mail: [email protected]




About CMS Hasche Sigle:


CMS Hasche Sigle is one of the leading German law firms with more than 450 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 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 47 business centres 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 23 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 http:// www.cmslegal.com .

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