PwC Legal advises Körber technology group on the acquisition of Italian MTC S.R.L
Hamburg, June 16, 2017
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to international technology group Körber AG on the acquisition of MTC S.R.L, a leading manufacturer of folding lines for tissue paper products. The focus of advice given by the lawyers of PwC Legal was in particular relating to legal due diligence and contract negotiations. In close cooperation with the PwC Legal lawyers, experts from PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC GmbH WPG) advised Körber in particular on the tax and on the financial due diligence.
Following the approval from the German antitrust authorities, the acquisition takes effect on June 14th, 2017.
Körber AG, headquartered in Hamburg, is the holding company of an international technology group with about 11,500 employees around the world. It comprises a variety of technology firms with more than 130 production, service and sales sites. The group offers its customers solutions, products and services in the business areas of automation, logistics systems, machine tools, pharma systems, tissue, and tobacco. In fiscal year 2016, Körber AG generated sales of 2.2 billion Euros.
MTC, headquartered in Porcari in the Italian province of Lucca, specializes in the design, development and production of fully automated converting lines for the tissue paper industry employing some 60 experts.
Advisors to Körber AG:
Dr. Christine Maechtel (team lead), Dr. Fabian Eckhard (Antitrust)
PwC Legal (Hamburg and Milan):
Dr. Nikolaus Schrader, Ivo Dreckmann, Nina Scherger, Viktoria Hartung, Alvise Becker, Riccardo Lonardi (all Corporate/M&A)
PwC GmbH WPG (Hamburg):
Simon Kenyon, Dr. Henri Blankemeyer (both Transaction Services), Marcus Blömer, Sebastian Lache (both Tax)
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