January.30.2019
Deutsch: Orrick berät Wickeder Westfalenstahl bei Erwerb der WaCo Gerätetechnik
Orrick advised Wickeder Westfalenstahl GmbH, one of the world's leading manufacturers of clad materials, on its acquisition of all shares in WaCo Gerätetechnik GmbH.
For Wickeder Westfalenstahl, the acquisition of WaCo Gerätetechnik, a specialist in CNC sheet metal processing, is another important step in its strategy for the future, which is focused on special metals, microtechnology and sophisticated parts production.
Based in Wickede, Germany, Wickeder Westfalenstahl is a specialist in clad materials and the operative parent company of Wickeder Group. Since its foundation in 1913, the company has strengthened its market position through constant product and technology innovations. In addition to Wickeder Westfalenstahl GmbH, the Wickeder Group includes the companies Auerhammer Metallwerk, Engineered Materials Solutions, Micrometal, HPetch, MPU Inflotek and ParaTech.
WaCo Gerätetechnik is an established supplier to the electrical, transport and medical industries. Using highly automated manufacturing processes, WaCo Gerätetechnik produces high-quality sheet metal parts and assembles complete devices, among other things, at its production site in Dresden.
Wickeder Westfalenstahl was advised by a Düsseldorf-based Orrick team led by M&A and private equity partner Wilhelm Nolting-Hauff. Wilhelm has been Wickeder Group’s advisor for many years, including in the 2016 sale of the company’s cold strip division and the recent management buyout of DNick Ltd.
The team also included partner Till Steinvorth (antitrust and competition), counsel Felix Schäfer (real estate), and associates Vanessa Sousa Höhl (M&A and private equity), Onur Öztürk (M&A and private equity) and Louisa Kallhoff (employment).