Hamburg, June 16, 2017
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to international technology group Körber AG on the acquisition of MTC S.R.L, a leading manufacturer of folding lines for tissue paper products. The focus of advice given by the lawyers of PwC Legal was in particular relating to legal due diligence and contract negotiations. In close cooperation with the PwC Legal lawyers, experts from PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC GmbH WPG) advised Körber in particular on the tax and on the financial due diligence.
Following the approval from the German antitrust authorities, the acquisition takes effect on June 14th, 2017.
Körber AG, headquartered in Hamburg, is the holding company of an international technology group with about 11,500 employees around the world. It comprises a variety of technology firms with more than 130 production, service and sales sites. The group offers its customers solutions, products and services in the business areas of automation, logistics systems, machine tools, pharma systems, tissue, and tobacco. In fiscal year 2016, Körber AG generated sales of 2.2 billion Euros.
MTC, headquartered in Porcari in the Italian province of Lucca, specializes in the design, development and production of fully automated converting lines for the tissue paper industry employing some 60 experts.
Advisors to Körber AG:
Dr. Christine Maechtel (team lead), Dr. Fabian Eckhard (Antitrust)
PwC Legal (Hamburg and Milan):
Dr. Nikolaus Schrader, Ivo Dreckmann, Nina Scherger, Viktoria Hartung, Alvise Becker, Riccardo Lonardi (all Corporate/M&A)
PwC GmbH WPG (Hamburg):
Simon Kenyon, Dr. Henri Blankemeyer (both Transaction Services), Marcus Blömer, Sebastian Lache (both Tax)
About PwC Legal:
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (law firm PwC Legal) is represented with more than 200 lawyers at 18 locations in Germany. It provides integrated legal advice in cooperation with the business lines audit and assurance services (Assurance), tax consulting services (Tax) as well as deals and consulting (Advisory) of PricewaterhouseCoopers AG Wirtschaftsprüfungsgesellschaft. Sound technical know-how and practice-oriented economic understanding characterize the way we work.
PwC Legal is a member of the worldwide PwC Legal network, with more than 3,200 lawyers offering their services in 90 countries worldwide.
The common purpose of PwC is to build trust in society and solve important problems. With a network of firms in 157 countries, more than 223,000 people are committed to providing high-value sector-specific services in the fields of Auditing, Tax- and Business Consulting.
The brand name, PwC, refers to the PwC network and/ or to one or several of its member firms, each of which is a separate legal entity. Further details under www.pwc.com/structure.