Hager Group’s acquisition of E3/DC GmbH from EWE AG

Ashurst advised EWE AG, one of Germany’s large utilities, on the sale of its Osnabrück-based subsidiary E3/DC GmbH specialising in energy management and storage to Hager Group.

E3/DC currently employs a workforce of just under 80 employees in Osnabrück, Göttingen, Munich and Wetter in North Rhine-Westphalia. The company produces lithium-ion storage systems, wall-mounted charging stations, inverters and other system components in Germany. With a network of more than 1,000 certified installers, E3/D3 has already achieved an excellent degree of market penetration in Germany, Austria and Switzerland.

Hager Group is a leading provider of solutions and services for electrical installations in residential, commercial and industrial buildings. Its range of solutions and services extends from energy distribution to cable management and from security systems to building automation.

The Ashurst team was led by partners Dr Maximilian Uibeleisen (energy/commercial contracts) and Dr Benedikt von Schorlemer (M&A/energy, in picture). Partner Dr Martin Bünning advised on tax law. Senior associate Holger Mlynek (energy/commercial contracts), the associates Jan van Kisfeld, Jan Ischreyt (both M&A) and Simon Groneberg (energy), the senior associates Francois Maartens Heynike (IP/IT) and Juditha von der Heydt (employment) as well as Daniela Kowalsky (real estate, all Frankfurt) assisted.

Involved fees earner: Maximilian Uibeleisen – Ashurst; Benedikt von Schorlemer – Ashurst; Holger Mlynek – Ashurst; Simon Groneberg – Ashurst; Jan van Kisfeld – Ashurst; Jan Ischreyt – Ashurst; Martin Bünning – Ashurst; François Maartens Heynike – Ashurst; Juditha von der Heydt – Ashurst; Daniela Kowalsky – Ashurst;

Law Firms: Ashurst;

Clients: EWE AG;