Investment AB Latour’s acquisition of Sensortec Holding AG,

Investment AB Latour (publ), through its subsidiary Bemsiq AB, has acquired Sensortec Holding AG, a leading Swiss company active in sensors and transmitters for building automation.

The seller is Mr. Beat Steiner, who is also the CEO of the company.

The acquisition further strengthens Bemsiq’s offering in products and services for building automation, and expands the group’s geographical reach.

Sensortec is based in Ins in the canton of Berne, Switzerland. The product range includes a holistic offering of field devices for building automation, but also touchless sensors for door automation systems under the brand SENSIR. The majority of the products are based on own design and proprietary technology, but the portfolio also includes selected third party products from leading suppliers to build a complete offering. The company has 10 employees and annual revenue of CHF 5.3 million in 2017.

Pestalozzi acted as legal advisor to Latour/Bemsiq in this transaction with a team led by Christoph Lang (Partner – Corporate / M&A, in picture), Nikolaus Thaddaeus Paumgartner (Associate – Corporate / M&A), Petra Spring (Associate – Employment/Pension), Sarah Drukarch (Associate – IP), Madeleine Schreiner (Associate – Real Estate), Raphael Widmer (Junior Associate – Corporate / M&A).

Eversheds Sutherland advised Sensortec Holding AG on the deal with a team led by Marc Nufer (Partner, Corporate/M&A), alongised Alexander Schütz (Associate, Corporate/M&A) and Nathalie Urban (Counsel, Tax).

Involved fees earner: Nikolaus Thaddaeus Paumgartner – Pestalozzi; Christoph Lang – Pestalozzi; Raphael Widmer – Pestalozzi; Petra Spring – Pestalozzi; Sarah Drukarch – Pestalozzi; Madeleine Schreiner – Pestalozzi; Marc Nufer – Eversheds Sutherland; Alexander Schütz – Eversheds Sutherland; Nathalie Urban – Eversheds Sutherland;

Law Firms: Pestalozzi; Eversheds Sutherland;

Clients: Investment AB Latour (publ); Sensortec Holding AG;