In the summer of 2014, General Electric won an intensive bidding procedure for its French competitor Alstom’s energy business. The US group has now completed its takeovers of Alstom Power and Alstom Grid for 9.7 billion euros. These represent GE’s biggest ever industrial acquisition. Gleiss Lutz advised General Electric on all issues of employment and corporate law in Germany relating to the acquisition.
The German law firm’s advice on employment law covered pensions, contractual trust arrangements (CTA) and partial retirement in particular. Gleiss Lutz also gave comprehensive advice on corporate law, focussing on carve-outs, share transfers in the Grid and Digital Energy divisions, as well as other corporate issues.
GE is a global technology, services and finance group with more than 300,000 employees in over 100 countries. In Germany, GE has more than 50 sites with over 7,000 employees.
General Electric was advised by the following team of Gleiss Lutz lawyers: Dr. Stefan Lingemann (lead, partner, Hamburg/Berlin), Dr. Charlotte Beck (counsel, Berlin, Employment); Dr. Fred Wendt, Dr. Urszula Nartowska (both partners, Corporate/M&A, Hamburg), Dr. Maximilian von Rom (partner, Banking and Finance, Frankfurt), Dr. Eva Maria Schweitzer (Berlin), Jörn Christoph Otte (Hamburg, both Employment).
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