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  4. Managing Risk
    1. New lab services agreements for Honeywell following Homes spin-off
    2. Creating a tax-effective structure for a private equity investment
    3. Climate change liability – new litigation risks
    4. Protecting trade marks across Europe
    5. Markel takes Hippo to task in complex insurance arrears dispute
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  7. Partner interviews
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    5. Interview with Daniela Murer
    6. Interview with Christopher Jordan
    7. Interview with Herman Boersen
    8. Interview with Sibylle Schnyder
    9. Interview with Clemens Grossmayer
    10. Interview with Robert Stephen
    11. Interview with Mary Allan
    12. Interview with Matias Somarriva
    13. Interview with Denis Redon
    14. Interview with Joaquim Sherman de Macedo
    15. Interview with Eleanor Lane
    16. Interview with Niklas Zaugg
    17. Interview with Joachim Kaetzler
    18. Interview with Andreas Otto

New lab services agreements for Honeywell following Homes spin-off

"This was a complex commercial challenge that required our teams to work as one across the jurisdictions affected."
GERALD GRÄFE 
Partner Commercial CMS Stuttgart

In late 2017, US multinational conglomerate Honeywell announced plans to spin off its homes product portfolio and global distribution business, in addition to its transportation systems business, into two publicly-traded companies.

The move, which completed late 2018, required the subsequent negotiation of several lab services agreements for its homes business across Germany, the Czech Republic and  the Netherlands.

CMS Stuttgart partner Gerald Gräfe said,  “During the spin-off phase different sides  of the business still required access to certain laboratories, equipment and facilities. We needed to draft transitional service agreements  to cover each side operationally while the buildings were being split up as part of  the spin-off.”

He added, “This was a complex commercial challenge that required our teams to work  as one across the jurisdictions affected.”

The smart home market, of which Honeywell  is a leading player, was valued at USD 76.62bn in 2018 and is expected to reach USD 151.18bn by 2024.

Key contacts

Gerald Gräfe
Dr. Gerald Gräfe
Partner
Rechtsanwalt | Head of Commercial Group, CMS Germany