Gleiss Lutz has advised Nikon SLM Solutions AG, formerly SLM Solutions Group AG, on its squeeze-out merger into Nikon AM. AG and subsequent delisting.
The merger and the squeeze-out were resolved at the Annual General Meeting of Nikon SLM Solutions on 13 July 2023 and became effective upon their registration in the commercial register on 1 September 2023. As a result, Nikon SLM Solutions AG ceased to exist and Nikon AM. AG, a wholly-owned subsidiary of the Japanese Nikon Corporation, became the universal legal successor of the company, also taking over the company name as the new Nikon SLM Solutions AG. Upon registration in the commercial register, the shares of the minority shareholders were transferred to Nikon in return for cash compensation of EUR 18.89 per share. Consequently, trading of Nikon SLM Solutions shares on the Frankfurt Stock Exchange was ceased and the shares were delisted.
Nikon SLM Solutions is a global provider of integrated metal additive manufacturing solutions. It is headquartered in Germany and has offices in Canada, China, France, India, Italy, Japan, Singapore, South Korea and the United States. Gleiss Lutz has already advised the company on a number of matters, including its IPO in 2014, numerous subsequent capital measures and transactions, and, most recently, a public takeover offer from Nikon, which has now been brought to a successful conclusion with the squeeze-out.
The following team of Gleiss Lutz lawyers advised Nikon SLM Solutions on the squeeze-out and delisting, and on the Annual General Meeting: Dr. Stephan Aubel (partner, Frankfurt), Dr. Thorsten Gayk (counsel, Hamburg, both lead), Dr. Dirk Wasmann (partner, Stuttgart), Alexander Gebhardt (counsel, Frankfurt), Dr. Walter Andert (Berlin), Dr. Christina Aye (counsel, Frankfurt), Anne Görg (Frankfurt, all Corporate and Capital Markets), Dr. Thomas Winzer (partner) and Dr. Tobias Abend (counsel, both Employment, Frankfurt).
In-house, the merger and delisting were handled by General Counsel André Witt, Senior Legal Counsel Melanie Remy and Senior Paralegal Susann Hinkel.
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