Noerr advises AEQUITA on the acquisition of Rheinmetall’s Power Systems Division

A Noerr team led by Christoph Thiermann and Jan-Philipp Meier has advised AEQUITA on the acquisition of the Power Systems division from Rheinmetall AG.

Power Systems is a global manufacturer of mobility solutions for automotive and industrial customers, with a significant presence in the independent aftermarket. Operating under the renowned Pierburg, Kolbenschmidt, and Motorservice brands, the business generates annual revenues of approximately EUR 2 billion with around 6,250 employees across its global footprint.

The transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and other closing conditions.

Advisors to AEQUITA SE & Co. KGaA: Noerr Partnerschaftsgesellschaft mbB

Lead: Christoph Thiermann (partner, Private Equity, Munich), Jan-Philipp Meier (partner, M&A, Hamburg)

Private Equity/M&A: Katja Steinthaler (associated partner, Munich), Ludwig Niller (senior associate) Amélie Bitzer (associate, both Munich)

Digital Economy: Torsten Kraul (partner, Berlin), Felix Muhl (partner, Hamburg)

Antitrust & Competition: Fabian Badtke (partner, Frankfurt), Jens-Peter Schmidt (partner, Brussels), Sven Betzendörfer, Nigina Zahedi (both senior associate, both Brussels)

Tax: André Happel (partner, Frankfurt), Thomas Renner (senior associate, Munich), Benedikt Rippert (senior associate, Frankfurt)

Employment: Benjamin Jahn, Patrick Mückl (both partner, both Munich), Joshua Streuber (associate, Dusseldorf)