Deloitte Legal advises Nippon Steel Engineering on the sale of Steinmüller Babcock Engineering to Hitachi Zosen

A multidisciplinary Deloitte team has advised Japan's Nippon Steel Engineering on the sale of its German subsidiary Steinmüller Babcock Environment to Hitachi Zosen Inova AG. Corporate finance support was provided by Frankfurt partner Claudius Thiell and legal advice was provided by a Deloitte Legal team led by M&A partner Andreas Jentgens.

After antitrust clearance in Spain, the transaction has now successfully been completed. The signing took place in early December 2021. Steinmüller Babcock Environment is a leading company in waste-to-energy plant engineering.

In the implementation of the transaction, the Deloitte team was able to contribute to the success through a combination of first-class advice, transaction experience and goal-oriented communication.

Close cooperation with colleagues from Deloitte Corporate Finance and Deloitte Transaction Services as well as Deloitte Tax in Germany and Japan enabled comprehensive interdisciplinary advice on all commercial, legal and tax aspects essential to the transaction. The sale of Steinmüller Babcock Environment joins a large number of successful transactions implemented for Japanese clients by the well-established team of the Japanese Services Group and the Legal Japan Desk in Germany.

Advisor Nippon Steel Engineering:

Deloitte Legal: Andreas Jentgens (partner) and Marc Oliver Stock (counsel, both Lead, Corporate/M&A), Frauke Heudtlass (partner, Employment, Dusseldorf), Klaus Gresbrand (partner, Corporate, Dusseldorf), Andreas Leclaire (partner, Commercial Dusseldorf), Felix Skala (partner, Hamburg, Antitrust), Dr. Konstadinos Massuras, Johannes T. Passas (both partners, Corporate, Hannover), David Elias Fritsch (counsel), Torsten Schmitz (counsel, Commercial, Dusseldorf), Jana Hupfer (senior associate, all Corporate/M&A, Frankfurt); Katharina Zickermann (senior associate, Hamburg, Antitrust); Ryota Sekine and Takashi Domon (both partners, DT Legal, Tokyo).

Deloitte Corporate Finance: Claudius Thiell (contact: +49 (0)69 756956227 | cthiell@deloitte.de), Lutz Illichmann (both Frankfurt); Kotaro Watanabe, Yoshiyasu Tominaga (both Tokyo)

Deloitte Transaction Services: Stefan Götze, Volker Pfleger (Dusseldorf)

Deloitte Tax: Iris Moennich, Yuliia Semiklit, Henrik Schulte-Jostes (Dusseldorf)