Taylor Wessing advises Rubix Group on acquisition of Schäfer Technik in Germany, Austria and Switzerland

Rubix Group has reached an agreement to acquire Schäfer Technik Group, consisting of Schäfer Technik GmbH (Germany), Schäfer Technik GmbH (Austria) and C. Plüss & Co. AG (Switzerland). Taylor Wessing acted as lead counsel of Rubix in this transaction.

With a turnover of more than 2.2 billion Euro in 2018, Rubix Group is Europe’s largest supplier of industrial maintenance, repair and overhaul products and services. Rubix was created from the merger of IPH with Brammer in 2017, following the acquisition of Brammer and IPH by Advent International.

Schäfer Technik has been a family run business for more than 50 years offering solutions in the fields of linear, bearing, power transmission and conveyor technology as well as industrial supplies. The parties agreed not to reveal the purchase price. The transaction is closed.

Legal counsel to Rubix Group:

Taylor Wessing (Munich): Dr. Christian Traichel (Lead Partner, Corporate/M&A), Dr. Rebekka Krause (Corporate/M&A), Konstantin Schrader, LL.M. (Merger Control, Hamburg). Dr. Kilian Friemel, Thomas Reinshagen (Employment), Dr. Adrian Birnbach, Julia Eger (Real Estate), Dr. Michael Kieffer (Commercial).