PwC Legal advises MDax Company Krones on the acquisition of shares in Klug GmbH
Frankfurt am Main, 14. January 2013
The law firm PwC Legal has advised Krones AG, a German MDax listed manufacturer of beverage filling and packaging systems, on the acquisition of 26 percent of the shares in Klug GmbH, a supplier of logistics systems. Krones therefore repositioned itself in the fields of material flow technology/intralogistics. The option to increase the investment in Klug GmbH in the medium term and to acquire the majority of shares has been contractually agreed.
At the same time, Krones has signed a cooperation agreement with Klug GmbH with regard to the strategic collaboration in the intralogistics sector. The transaction is still subject to the approval of the antittrust authorities.
Krones AG plans, develops and manufactures machines and complete lines for the fields of process, filling and packaging technology. In 2011, the Group generated revenues of Euro 2.480 billion. The company, with head office in Neutraubling, employs approximately 11,900 people worldwide (as of September 30, 2012).
Klug GmbH, with head office in Teunz, Bavaria, is a supplier of (partially) automated and manual logistics systems and generated revenues of around Euro 25 million in the 2011 financial year with a workforce of approximately 250 people.
Advisors Krones AG:
Dr. Stefan Schunck
Dr. Dirk Stiller, Denis Bacina, Dr. Clemens Maschke (all lead management, Corporate/M&A)
Ivo Dreckmann, Christina Maurer, Thilo Renz, Tim Steininger (Corporate/M&A)
Christian Berg (labour law)
Dr. Jan-Peter Ohrtmann (IP/IT)
Dr. Thomas Scharpf (capital markets)
Schulte Riesenkampff / antitrust law:
Dr. Christoph Peter
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