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Schneider Electric SE’s Acquisition of ProLeiT AG

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Schneider Electric SE’s Acquisition of ProLeiT AG

May 08
14:26 2020

Orrick advised the shareholders of ProLeiT AG on the sale of the company to France’s Schneider Electric SE. Drake Star Partners acted as the exclusive financial advisor to ProLeiT AG. Hengeler Mueller advised Schneider Electric on the deal.

ProLeiT AG announced the sale of the company to France’s Schneider Electric SE. The transaction is still subject to the approval of the antitrust authorities.

Headquartered in Herzogenaurach/Erlangen, Germany, ProLeiT AG is a leading provider of process control technology, automation solutions and process control systems for the brewery, beverage and dairy industries, as well as the food, chemical and pharmaceutical industries. Founded more than 30 years ago, the company has more than 570 employees and subsidiaries in the U.S., Mexico, Brazil, the Netherlands, Spain, Russia, Ukraine, Bulgaria and China.

Schneider Electric SE is a French multinational company providing energy and automation digital solutions for efficiency and sustainability by combining world-leading energy technologies, real time automation, software and services into integrated solutions for homes, buildings, data centers, infrastructures and industries. In 2019, Schneider Electric achieved a global turnover of €27.2 billion with more than 135,000 employees worldwide.

The Orrick team was led by Munich-based M&A and private equity partner Christoph Brenner (Picture), who regularly advises on large international M&A and private equity transactions. The Orrick team also included partners Timo Holzborn (capital markets and financial regulatory, Munich) and Stefan Schultes-Schnitzlein (tax, Düsseldorf); senior associates Adrian Dengler and Andrea Köhler (both M&A and private equity, Munich); and associates Viktor Philip Kolberg (M&A and private equity, Munich), Carsten Engelings (tax, Düsseldorf), Julius Schradin (antitrust, Düsseldorf) and Robert Weinhold (data privacy IT/IP, Düsseldorf).

Hengeler Mueller advises Schneider Electric on the transaction. The team is led by partners Andreas Hoger (Frankfurt) and Maximilian Schiessl (Düsseldorf) (both M&A) and includes partners Matthias Scheifele (Tax, Munich), Christoph Stadler (Antitrust, Düsseldorf), Jan Bonhage (Public Law, Berlin) and Vera Jungkind (Data Protection), counsel Patrick Wilkening (IP) (both Düsseldorf) and Johannes Baumann (M&A, Frankfurt) as well as associates Anja Höfelmeier (Berlin), Pinja Lindholm, Caspar Conzen, Nikita Gontschar (all Frankfurt), Maxi Ludwig (all M&A), Carsten Bormann (Public Law), Vicki Treibmann (Employment) (all Düsseldorf), Malte Frank (Antitrust), Charlotte Riemann (Public Law) (both Berlin), Sebastian Adam (Tax) and Simon Bangert (Real Estate) (both Frankfurt).

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.

#SchneiderElectric #SchneiderNews

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