Noerr advises STRABAG on its acquisition of WTE Wassertechnik GmbH from EVN

A team from Noerr led by Jens Liese and Gerrit Henze has advised STRABAG on its acquisition of WTE Wassertechnik GmbH from EVN.

The purchase price for the shares in WTE Wassertechnik GmbH is €100 million. STRABAG is also taking over existing shareholder loans.

The acquisition, which is in line with the objectives of Strategy 2030, expands STRABAG SE’s, the publicly listed European technology group for construction services, existing water technology business into the area of integrated water management. The combined portfolio in this business area is expected to generate an annual output of approximately € 400 million.

During the transaction, the Noerr team advised STRABAG on the share transfer agreement, collaborating with local counsel from thirteen jurisdictions. Closing of the transaction is subject to the customary approvals, especially clearance from the merger control authorities.

Noerr acted as STRABAG’s lead counsel, providing wide-ranging advice and coordinating law firms in various countries where WTE Wassertechnik GmbH operates.

In-house: Matthias Kaulich, Harald Soldierer

Advisors to STRABAG: Noerr

Lead: Jens Liese, Gerrit Henze (both M&A, Düsseldorf)

Corporate / M&A: Ingo Theusinger (partner), Florian Döpking (associated partner), Alina Lucia Kolenda, Tina Neugebauer, Katharina Patzwaldt (all senior associates), Zoé Flöer, Anna-Lena Heilker, Melissa Lukas (all associates, all Dusseldorf)

Antitrust & Competition: Jens Peter Schmidt (partner), Fabian Hübener (associated partner), Sven Betzendörfer (senior associate), Nigina Zahedi (associate, all Brussels)

Banking & Finance: Michael Schuhmacher (partner), Martina Buller (associated partner, both Frankfurt am Main)

Data, Tech & Telecoms: Pascal Schumacher (partner), Julian von Lucius (associated partner), Steffen Sundermann (senior associate, all Berlin)

Digital Business: Torsten Kraul (partner), Marvin Bartels (senior associate, both Berlin)

Employment & Pensions: Patrick Mückl (partner), Yannick Bähr (senior associate), Raphael Hillus (senior associate, all Dusseldorf)

Energy & Infrastructure: Christian Alexander Mayer (partner), Florian Rast (senior associate, both Munich)

Financial Services Regulation: Karl-Alexander Neumann (partner), Arndt Alexander Schmidt (senior associate, both Hamburg)

Intellectual Property: Armin Kühne (associated partner), Katja Steinthaler (associated partner, both Munich)

Litigation: Christian Pelz (partner, Munich), Philipp Gergen (associated partner, Frankfurt am Main)

Real Estate Investment: Volker Bock (partner, Dresden), Markus Zeibig (counsel, Dresden), Johann Bruder (senior associate, Dresden), Raphaël Hebecker (senior associate, Dusseldorf), Philipp Isert (associate, Dresden)

Regulatory, Gov. Affairs & Invest. Controls: Bärbel Sachs (partner, Berlin), Joachim Rung (senior associate, Munich), David Rösch (senior associate, Berlin)

Tax: Andre Happel (partner, Frankfurt am Main), Tim Löper (associated partner, Munich), Thomas Renner (senior associate, Frankfurt am Main)

Local counsel: Bahrain (Hassan Radhi and Associates), Croatia, Montenegro, Rumania and Czech Republic (Kinstellar SPARL), Kuwait (Al Tamimi & Company in association with Omar Khaled Al-Qahtani), Lithuania (Advokatų profesinė bendrija WALLESS), North Macedonia (TOSIC & JEVTIC), North Cyprus (Cinar Nazim Legal Services Ltd.), Austria (DORDA Rechtsanwälte GmbH), Poland (Bieniak, Wielhorski Wojnar i Wspólnicy spółka komandytowa), Republic of Cyprus (K. Chrysostomides & Co. LLC) and Slovenia (Odvetniška pisarna Jadek & Pensa d.o.o.)