Shenyang Blue Silver Industry Automatic Equipment Co.,Ltd. completed the acquisition of 85% stake in Dürr Ecoclean from Dürr Aktiengesellschaft (DB:DUE).
March 31, 2017
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Shenyang Blue Silver Industry Automatic Equipment Co.,Ltd. (SZSE:300293) signed an agreement to acquire 85% stake in Dürr Ecoclean from Dürr Aktiengesellschaft (DB:DUE) for 98.4 million on August 8, 2016. The deal comprise of Dürr's five units namely Carl Schenck AG, Schenck Industrie-Beteiligungen AG, Schenck Corporation, Schenck S.A.S. and Schenck RoTec India Ltd. Shenyang Blue Silver has undertaken to maintain Dürr Ecoclean's sites and employment contracts in Germany until the end of 2019. In 2015, Dürr Ecoclean generated sales revenues of around 200 million and EBIT of 12.65 million. subject to approval by the authorities, Shenyang Blue Silver is expected to acquire the shares at the end of 2016.
Till Kosche, Martin Geipel, Tillmann Hecht, Tobias Kugler, Mansur Pour Rafsendjani, Christoph Rieken, Stephan Schulz, Peter Stauber, Andrea Zwarg, Jan Dinter, Silke Fink, Martin Gliewe, Kathrin Hoger, Alexander Mühleisen, Daniel Müller, Thomas Sternberg, Manuela Wickenhöfer, Dominik Zweigler of Noerr LLP acted as legal advisors to Shenyang Blue Silver. Daniela Favoccia, Peter Weyland, Martin Klein, Christian Hoefs, Carsten van de Sande, Alf-Henrik Bischke, Susan Kempe-Mueller, Annika Clauss, Thomas Lang, Johannes Honzen, Lucina Berger, Johannes Baumann and Daniel Spitze of Hengeler Müller acted as legal advisors for Dürr. Yaxin Song, Yue Liu, Hui Song and Qian Zhou of Jia Yuan Law acted as legal advisors to Shenyang Blue Silver. Norman Zhong and Helen Fan of Fangda Partners acted as legal advisors for Dürr. Ernst & Young acted as Accounant to Dürr AG
Shenyang Blue Silver Industry Automatic Equipment Co.,Ltd. (SZSE:300293) completed the acquisition of 85% stake in Dürr Ecoclean from Dürr Aktiengesellschaft (DB:DUE) on March 31, 2017.
Shenyang Blue Silver Industry Automation Equipment Co Ltd is a China-based company principally engaged in the industrial cleaning and surface treatment and industrial intelligent equipment manufacturing business. The Company's industrial cleaning systems and surface treatment business mainly develops, produces and sells equipment products, systems and solutions in the fields of cleaning technology applications and surface treatment. The intelligent equipment manufacturing business includes rubber intelligent equipment, digital factory and electrical automation business and integration. The Company's products are used in electronics, communications, machinery, medical care, optics, automobiles and other fields. The Company mainly conducts its businesses in the domestic market and overseas markets, such as Germany, France, Switzerland, the United States, and the United Kingdom.
Shenyang Blue Silver Industry Automatic Equipment Co.,Ltd. completed the acquisition of 85% stake in Dürr Ecoclean from Dürr Aktiengesellschaft (DB: DUE).