Noerr advises China Fire Safety on interest in fire fighting equipment provider the Albert Ziegler Group
Noerr advised the China Fire Safety Enterprise Group Limited on the acquisition of a stake. The company which is listed on the Hong Kong exchange takes over 40% of the Albert Ziegler Group, one of the worldwide largest manufacturers of fire fighting vehicles and accessories with subsidiaries in a number of European countries and in Asia. The group services above all public sector orders.
China Fire Safety – also specialised in the manufacturer of fire fighting equipment –takes over the shares from the China International Marine Containers Group (CIMC). Ziegler, which has its headquarters in Baden-Wuerttemberg, has been part of the Chinese logistics group since 2013 and employees more than 1000 in Europe and Indonesia. CIMC in turn acquires 30% of the shares in the China Fire Safety Enterprise Group Limited (share swap). The value of the transaction is approx. 56 million Euros.
The Noerr team under the leadership of Dr. Tibor Fedke and Dr. Tom Billing advised China Fire Safety Enterprise Group Limited on German and Czech law and coordinated the transaction internationally. The Berlin Noerr team is known for its expertise in dealing with complex M&A transactions in the regulated industries, a key factor in this transaction. In China, partner law firm Michael Li & Co. coordinated the transaction.
Advisor China Fire Safety Enterprise Group Ltd.: Noerr LLP
Berlin: Dr. Tibor Fedke (corporate/M&A), Dr. Tom Billing (commercial, joint lead), Peter Stauber (cartel law)
Associates: Katrin Andrä (leading), Dr. Julia Gerzen (both corporate/M&A), Fabian Raddatz (compliance, procurement law), Hanna Boeckmann (cartel law),
Prague: Barbara Kusak (local lead and coordination Croatia and Slovenia), Associate: Dr. Halka Pavliková (both corporate/M&A)