Gleiss Lutz has advised Behr GmbH & Co. KG on the sale of 60 per cent of its stake in Behr Industry GmbH & Co. KG to Mahle GmbH as well as on the establishment of a joint venture.
In 2008 Behr Industry, the off-highway division of cooling systems manufacturer Behr, generated revenues of EUR 206 million. With a current workforce of approximately 900 employees at five sites in Germany and the US, the company manufactures cooling and air conditioning systems for railway and special vehicles, as well as for buses, ships, construction and agricultural machinery, the aviation industry, and stationary heavy-duty engines for power generation.
Mahle intends to integrate the joint venture, which will operate under the name of Mahle Behr Industry, into its existing industrial activities for large engines and industrial filtration. The company is to achieve revenues of approximately EUR 500 million.
Gleiss Lutz regularly advises Behr. Headed up by Dr. Andreas Wölfle (partner, corporate/M&A, Stuttgart) and Dr. Martin Viciano Gofferje (corporate/M&A, Stuttgart) the Gleiss Lutz team that advised on the matter also included Dr. Herwig Lux, Dr. Lutz Aye (both IP, Stuttgart), Dr. Stefan Weidert (partner), Dr. Alexander Molle (both IT, Berlin), Dr. Christian Cascante (partner), Dr. Eric Wagner, Daniel Lieber (all Stuttgart), Dr. Patrick Binzel (Berlin, all corporate/M&A), Dr. Christian Arnold (Stuttgart, labour), Dr. Stefanie Beinert (partner), Cindy Lahusen (both Stuttgart, tax), Dr. Juliane Reichelt (Stuttgart, real estate), Dr. Roland Hartmannsberger (Stuttgart, public law), Dr. Ulrich Denzel (partner), Dr. Martin Beutelmann (both Stuttgart) and Philipp Melcher (Brussels, all antitrust) as well as Dr. Torsten Lämmerzahl (Berlin, data protection).
In-house advice was provided by Dr. Andreas Zweig and Gerd Class.
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