Loschelder advises Atlas Copco on the acquisition of Schneider Druckluft
Loschelder has advised Atlas Copco on the acquisition of the international business of Schneider Druckluft.
Schneider Druckluft is a German designer and producer of professional compressed air solutions with a large network of retailers and specialist shops. The company is based in Reutlingen near Stuttgart, Germany, and has about 110 employees. It also has subsidiaries in the Czech Republic and Slovakia. The company focuses mainly on piston compressors but offers a wide range of related products and services. It had revenues of around € 27 million in 2015. The parties agreed not to disclose the value of the transaction. The acquisition is subject to regulatory approvals and is expected to be completed in the third quarter of 2016.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2015, Atlas Copco had revenues of € 11 billion and more than 43,000 employees.
Atlas Copco was advised by: Dr Sebastian Kalb (M&A/Corporate; lead), Dr Nikolai Wolff (M&A/Real Estate), Dr Martin Brock (employment and pensions), Dr Stefan Maaßen (IP) and Dr Henrik Holzapfel (patents); Associates: Dr David Salmen (M&A/Corporate) and Patrick Pommerening (IP)