Frankfurt am Main, 14. January 2013
The law firm PwC Legal has advised Krones AG, a German MDax listed manufacturer of beverage filling and packaging systems, on the acquisition of 26 percent of the shares in Klug GmbH, a supplier of logistics systems. Krones therefore repositioned itself in the fields of material flow technology/intralogistics. The option to increase the investment in Klug GmbH in the medium term and to acquire the majority of shares has been contractually agreed.
At the same time, Krones has signed a cooperation agreement with Klug GmbH with regard to the strategic collaboration in the intralogistics sector. The transaction is still subject to the approval of the anti-trust authorities.
Krones AG plans, develops and manufactures machines and complete lines for the fields of process, filling and packaging technology. In 2011, the Group generated revenues of Euro 2.480 billion. The company, with head office in Neutraubling, employs approximately 11,900 people worldwide (as of September 30, 2012).
Klug GmbH, with head office in Teunz, Bavaria, is a supplier of (partially) automated and manual logistics systems and generated revenues of around Euro 25 million in the 2011 financial year with a workforce of approximately 250 people.
Advisors Krones AG:
Dr. Stefan Schunck
Dr. Dirk Stiller, Denis Bacina, Dr. Clemens Maschke (all lead management, Corporate/M&A)
Ivo Dreckmann, Christina Maurer, Thilo Renz, Tim Steininger (Corporate/M&A)
Christian Berg (labour law)
Dr. Jan-Peter Ohrtmann (IP/IT)
Dr. Thomas Scharpf (capital markets)
Schulte Riesenkampff / anti-trust law:
Dr. Christoph Peter
About PwC Legal:
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (law firm PwC Legal) is represented with more than 180 lawyers at 19 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 provides industry-specific services in the areas of Assurance, Tax and Advisory. We create the added value for our clients as they expect. More than 180,000 employees located in 158 countries in our international network develop new perspectives and practice-related solutions owing to their ideas, their experience and their expertise. In Germany, PwC generates an overall performance of around Euro 1.49 billion at 28 locations with a total of 9,300 employees.