Orrick advised the shareholders of ProLeiT AG on the sale of the company to France’s Schneider Electric SE. The transaction is still subject to the approval of the antitrust authorities.
Headquartered in Herzogenaurach/Erlangen, Germany, ProLeiT AG is a leading provider of process control technology, automation solutions and process control systems for the brewery, beverage and dairy industries, as well as the food, chemical and pharmaceutical industries. Founded more than 30 years ago, the company has more than 570 employees and subsidiaries in the U.S., Mexico, Brazil, the Netherlands, Spain, Russia, Ukraine, Bulgaria and China.
Schneider Electric SE is a French multinational company providing energy and automation digital solutions for efficiency and sustainability by combining world-leading energy technologies, real time automation, software and services into integrated solutions for homes, buildings, data centers, infrastructures and industries. In 2019, Schneider Electric achieved a global turnover of €27.2 billion with more than 135,000 employees worldwide.
The shareholders of ProLeiT AG were advised by an Orrick team led by Munich-based M&A and private equity partner Christoph Brenner, who regularly advises on large international M&A and private equity transactions. The Orrick team also included partners Timo Holzborn (capital markets and financial regulatory, Munich) and Stefan Schultes-Schnitzlein (tax, Düsseldorf); senior associates Adrian Dengler and Andrea Köhler (both M&A and private equity, Munich); and associates Viktor Philip Kolberg (M&A and private equity, Munich), Carsten Engelings (tax, Düsseldorf), Julius Schradin (antitrust, Düsseldorf) and Robert Weinhold (data privacy IT/IP, Düsseldorf).