Loschelder advises Atlas Copco on the acquisition of the Erkat Group
Loschelder has advised Atlas Copco on the acquisition of Erkat Spezialmaschinen und Service GmbH and its affiliate KEMT GmbH & Co. KG.
The Erkat Group is based in Hämbach, Germany, and has sales and service locations worldwide. The company develops and produces drum cutter attachments for excavators used primarily in construction and demolition and for quarries and tunnels. The Erkat brand name is well recognized for premium quality and continuous innovation.
The Erkat business includes 38 employees, and it had revenues of about € 12 million in 2015. The parties agreed not to disclose the purchase price. The acquisition is expected to be completed in the first quarter of 2017.
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 Cedric Meyer (Environmental) and Dr Stefan Maaßen (IP); Associates: Dr David Salmen (M&A/Corporate) and Patrick Pommerening (IP)
Inhouse team of Atlas Copco: David Ekblad, Stockholm