PwC Legal advises Scandector on the majority acquisition in Erich Utsch AG
Frankfurt am Main, September 5th, 2016.
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to Swedish family company Scandector AB as well as to the Australian corporations Avenir Initiative Pty Ltd. and Wilhelmina Investments Pty Ltd. on the acquisition of the majority of shares in Erich Utsch AG, one of the world’s leading manufacturers of vehicle registration plates. The focus of advice given by PwC’s team of lawyers were the negotiation and drawing up of a share purchase agreement. The parties agreed not to disclose any information on the purchase price. The closing of the acquisition is scheduled to take place in the fourth quarter of 2016.
Scandector operates in corporate development, organization, management, financial accounting, car rentals as well as other fields. The company is headquartered in Danderyd, Sweden.
Erich Utsch AG, headquartered in Siegen, Germany, is a global supplier of vehicle registration and identification systems. The company also produces machines, tools and systems for the manufacturing of registration plates. Thanks to its participations and joint ventures, Erich Utsch AG is doing business all over the world. The company employs more than 1,500 people.
Advisers to Scandector AB, Avenir Initiative Pty Ltd. and Wilhelmina Investments Pty Ltd.
PwC Legal Germany:
Denis Bacina, Dr. Simon Dürr (both team lead), Moritz Gröning, Christina Maurer-Heinze, Gwendolin Seinecke-Krankowsky, Hilmar Rölz (all Corporate/M&A)
PwC Legal Sweden:
Björn Ulvgården (Corporate/M&A)
PwC AG WPG:
Hansjoachim Köhler, Thomas Schmidt (all Tax Services)
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