Deloitte Legal advises Salzgitter Maschinenbau AG on the sale of its three businesses to AEQUITA

The definitive agreement entered into between AEQUITA SE & Co. KGaA, a global industrial group headquartered in Munich, and Salzgitter Maschinenbau AG (SMAG) in November 2023 on the acquisition of the three operating subsidiaries of SMAG (PEINER SMAG Lifting Technologies GmbH, NORDMEYER SMAG Mining & Drilling Technologies GmbH and SMAG Mobile Antenna Masts GmbH) has been successfully completed with effect as of the end of 2023. All three businesses are positioned as technology leaders with a strong brand in their respective field, ranging from the manufacturing of bulk handling grabs serving the global trade industry, mobile drilling and mining solutions for demanding surface and underground applications to the supply of mobile antenna masts for data transfer and communication within the defense sector. Headquartered in Salzgitter, Germany, the three entities with a total of around 850 employees generate approximately EUR 130m in turnover.

AEQUITA remains dedicated to fostering growth, innovation, and long-term sustainability within its newly acquired entities. As part of this acquisition, AEQUITA reaffirms its commitment to maintaining operational continuity, supporting existing partnerships, and nurturing a culture of operational excellence within the acquired businesses.

In this international sales process, SMAG once again trusted the Hanover-based Deloitte Legal transaction team, who had already successfully advised SMAG on the sale of BMA Braunschweigische Maschinenbauanstalt AG to another Munich-based private equity firm in 2022.  

Advisors to SMAG: 

Deloitte Legal: Dr. Harald Stang, John-Patrick Scherer (both lead counsels) and Maximilian Oppermann (all Corporate/M&A, Hanover), Frank Silberberger (Stock Corporation Law, Berlin), Alexander Fischer and Xinyi Wang (both Corporate/M&A (VR China), Frankfurt a.M.), Gunnar Fehringer (Real Estate Law, Hanover), Dr. Charlotte Sander and Claus Wilker (both Employment Law, Hanover), Sebastian von Rüden (IP, Düsseldorf), Bettina Mertgen and Jan-Michael Mergler (both Foreign Trade Law, Frankfurt a.M.), Dr. Katharina Scheja, Christopher Bösch und Azita Hosseini (all IT, Frankfurt a.M.) as well as Felix Skala and Katharina Zickermann (both Antitrust Law, Hamburg).

About the Businesses:

PEINER SMAG Lifting Technologies GmbH is a leading manufacturer of mechanical, motorized, hydraulic, and electro-hydraulic grab arms, catering to heavy lifting requirements across various industries and production sites in Germany, China, and India.

NORDMEYER SMAG Mining & Drilling Technologies GmbH is a specialty provider in mobile drilling rigs for surface operations, versatile mining machinery for surface and underground applications, and customized special vehicles engineered for demanding terrains.

SMAG Mobile Antenna Masts GmbH is a recognized provider of mobile antenna masts designed for critical operations, including disaster relief missions, military deployments, and radio/TV broadcast transmissions.

_{Published: January 2024}