transaction advice

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Deloitte Legal advises on the acquisition of a majority in BMA Braunschweigische Maschinenbauanstalt AG (BMA) by Salzgitter Maschinenbau AG (SMAG)

A Deloitte Legal team led by Corporate/M&A partner Dr. Harald Stang has advised Salzgitter Maschinenbau AG (SMAG) on the acquisition of a majority stake in BMA Braunschweigische Maschinenbauanstalt AG (BMA).

The transaction was carried out as a share swap by way of a capital increase against a contribution in kind whereby the shares in BMA have been contributed by BMA’s former main shareholder to SMAG in return for new shares in SMAG.

The merger of the two medium-sized businesses has resulted in the emergence of a plant and machine engineering and construction group with a worldwide turnover of approx. EUR 300,000,000 and 2,000 employees at 27 sites around the globe. Following the merger, BMA is planned to become SMAG group’s new business division “Process engineering”, which will have its own management and be operating under its own flag and trademark.

Through the successful closing of the transaction, the team of Dr. Harald Stang has once again proven its specialized M&A competence with regard to medium-sized and family-owned companies.

SMAG has already relied on Deloitte Legal’s advice on various occasions in the past. Frank Silberberger, a Berlin-based Deloitte Legal partner, has over many years been advising SMAG on questions of stock corporation law and acted as their legal counsel in numerous group restructuring and transaction projects.

Adviser team SMAG:

Deloitte Legal: Dr. Harald Stang (Partner, Corporate/M&A, Hannover, Lead), Frank Silberberger (Partner, Corporate/M&A, Berlin, Co-Lead), Dr. Carmen Heermann (Of Counsel, Corporate/M&A, Hannover), Nuri Al-Tabatabaie (Counsel, Corporate/M&A, Berlin), Anna Reshetina-Korkhova (Associate, Corporate/M&A, Berlin).

Adviser team BMA and BMA shareholders:

GABLER & PARTNER: Dr. Thomas Gabler, Dr. Jonas Pape (both Partner, Corporate/M&A, Berlin)

About SMAG:

SMAG is a worldwide leader in the field of plant and machine engineering and construction for load-handling equipment and specialized machinery such as underground mining machinery, mobile aboveground drilling technology and mobile antenna masts. The market position of the group is the result of strong problem-solving capabilities, superior products that have set standards in the industry, a powerful global sales force, and complete worldwide service. Prior to the merger with BMA, SMAG group had approx. 1,300 employees worldwide.

About BMA:

For more than 160 years, BMA has been developing and manufacturing machines and equipment for the industrial extraction of sugar. BMA’s system solutions for factories and refineries are in particular demand wherever minimal energy consumption during the production processes and a constantly high level of product quality are key. With approx. 800 employees around the globe and a deep-rooted knowhow in process engineering, BMA offers a comprehensive service profile in the sugar industry.

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