Feintool’s Acquisition of Kienle + Spiess

Gleiss Lutz advised Sumitomo Corporation on the sale. Greenfort advised Feintool International Holding AG.

The Japanese corporation Sumitomo Corporation announced the sale of its shares in Kienle + Spiess, an expert supplier of rotors and stators, the power-generating core components of electric motors and generators, to Swiss Feintool International Holding AG. The acquisition is subject to customary closing and regulatory conditions and approvals.

Sumitomo Corporation is a listed Japanese trading company. The group, employing approximately 75,000 staff around the globe, operates in 65 countries and regions.

Established in 1935 in Sachsenheim, Germany, Kienle + Spiess, is an internationally leading manufacturer of highly efficient rotors and stators, which allow the increase of the efficiency of motors and generators. The company’s products are used in industrial applications, motor vehicles, pumps, generators and renewable energy systems. Kienle + Spiess employs around 872 employees and has three international locations: Sachsenheim (DE), Vaihingen/Enz (DE) and Tokod (HU).

Today, Feintool is a leader in fineblanking technology and the only global supplier that covers the entire fineblanking process – from component design to prototyping, engineering, tool design, and high-volume parts production. The focus is on sophisticated applications for the automotive industry.

The Gleiss Lutz team under the lead of Dr. Michael Burian (Picture – partner) and Dr. Martin Lembke (counsel) also included Alexandra Brücher, Dr. Anselm Christiansen, Ivana Robitzsch (all Stuttgart, all M&A), Dr. Alexander Fritzsche (partner), Kristina Winkelmann (both competition law, both Frankfurt), Dr. Stefan Mayer (partner), Dr. Ocka Stumm (both tax, Frankfurt), Dr. Alexander Nagel (counsel, restructuring, Düsseldorf), Dr. Martin Diller (partner, Stuttgart), Dr. Rut Steinhauser (partner), Josefine Chakrabarti (all employment, both Berlin), Dr. Herwig Lux (counsel), Dr. Christopher Noll (both IP/IT, both Stuttgart), Aylin Hoffs (Düsseldorf), Dr. Christiane Freytag (counsel, both public law, Stuttgart), Maximilian Leisenheimer (real estate, Frankfurt), Simon Wegmann (data protection, Berlin).

The Greenfort team consisted of Daniel Röder, Anh-Duc Cordalis, Martin Asmuß, Florian Bader (all Corporate M&A), Mark Lembke, Pascal Ludwig, Johanna Keil (all Employment Law), Claus Pegatzky (Public Law), Magdalena Paul (Real Estate), Ann-Sophie Reitz (Finance).

Involved fees earner: Alexandra Brücher – Gleiss Lutz; Michael Burian – Gleiss Lutz; Josefine Chakrabarti – Gleiss Lutz; Anselm Christiansen – Gleiss Lutz; Martin Diller – Gleiss Lutz; Christiane Freytag – Gleiss Lutz; Alexander Fritzsche – Gleiss Lutz; Aylin Hoffs – Gleiss Lutz; Maximilian Leisenheimer – Gleiss Lutz; Martin Lembke – Gleiss Lutz; Herwig Lux – Gleiss Lutz; Stefan Mayer – Gleiss Lutz; Alexander Nagel – Gleiss Lutz; Christopher Noll – Gleiss Lutz; Ivana Robitzsch – Gleiss Lutz; Rut Steinhauser – Gleiss Lutz; Ocka Stumm – Gleiss Lutz; Simon Wegmann – Gleiss Lutz; Kristina Winkelmann – Gleiss Lutz; Martin Asmuß – Greenfort; Florian Bader – Greenfort; Anh-Duc Cordalis – Greenfort; Johanna Keil – Greenfort; Mark Lembke – Greenfort; Pascal Ludwig – Greenfort; Magdalena Sophia Paul – Greenfort; Claus Pegatzky – Greenfort; Ann-Sophie Reitz – Greenfort; Daniel Röder – Greenfort;

Law Firms: Gleiss Lutz; Greenfort;

Clients: Feintool; Sumitomo Corp.;

Federica Tiefenthaler

Author: Federica Tiefenthaler