DLA Piper has advised Knorr-Bremse on the deal.
Knorr-Bremse, the global market leader for braking systems and other rail and commercial vehicles systems, executed the acquisition of EVAC Group, a world leading manufacturer of fully integrated sanitary systems for passenger trains. The parties have agreed not to disclose the purchase price.
The acquisition of the EVAC Group, consisting of EVAC GmbH and the assets of Monogram Train LLC, is made by Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, Munich, and Knorr Brake Company, USA. Through this acquisition, Knorr-Bremse will become a world leading manufacturer of integrated sanitary systems for passenger trains. The majority of the Evac Group’s more than 100,000 sanitary systems are installed in Europe, the USA and China.
The Evac Group was founded in 1968 and has a total of 192 employees at the EVAC GmbH headquarters in Wedel, Germany, and at the Monogram Train LLC site in Carson, California, USA, generating sales of around EUR45 million, around 40% of which in the aftermarket business. Evac’s vacuum toilet systems are used in trains of leading train manufacturers. The highly engineered sanitary systems use vacuum technology to provide hygienic, water-saving and clean wastewater disposal. The company has a global customer base in more than 40 countries.
Knorr-Bremse is the global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems. The company employs around 29,500 people at over 100 sites in more than 30 countries. In 2020, Knorr-Bremse’s two divisions together generated revenues of EUR6.2 billion.
The DLA Piper team was led by partner Gerald Schuman (Corporate/M&A; Picture) and included partners Pascal Kremp (Employment), Dr Thilo von Bodungen (Commercial, all Munich), Dr Jan Joachim Dreyer (Antitrust, Cologne), Dr Christian Schoop (Compliance/White-Collar Crime Law) and Dr Burkhard Führmeyer (IPT, both Frankfurt), counsels Dr Enno Ahlenstiel (Antitrust), Dr Thilo Streit (Foreign Trade Law, both Cologne), Dr Susanne Weckbach (Commercial), Sebastian Kost (Tax, both Munich) and Miray Kavruk (IPT, Frankfurt), senior associates Hanna Lütkens (Corporate/M&A), Raffaella Rusin (Tax), Olga Blaszczyk (Commercial), Michael Georg Ziegaus (Real Estate, all Munich) as well as associates Annika Heinz (Employment), Jessica Herrmann (Corporate/M&A, both Munich), Anna Lena Katharina Nowicki (Compliance/White-Collar Crime) and André Köhler (Antitrust, both Frankfurt). In addition, DLA Piper teams from Austria and the USA also advised on the transaction.
In-house at Knorr-Bremse’s central legal department, the transaction was led by Goetz von Schlotheim from the team of Christian Vornehm (Head of Corporate Legal M&A/Antitrust).
Involved fees earner: Enno Ahlenstiel – Cleary Gottlieb Steen & Hamilton; Olga Blaszczyk – DLA Piper; Jan Joachim Dreyer – DLA Piper; Burkhard Führmeyer – DLA Piper; Annika Heinz – DLA Piper; Jessica Herrmann – DLA Piper; Miray Kavruk – DLA Piper; André Köhler – DLA Piper; Sebastian Kost – DLA Piper; Pascal Kremp – DLA Piper; Hanna Lütkens – DLA Piper; Anna Lena Nowicki – DLA Piper; Raffaella Rusin – DLA Piper; Christian Schoop – DLA Piper; Gerald Schumann – DLA Piper; Thilo Streit – DLA Piper; Thilo von Bodungen – DLA Piper; Susanne Weckbach – DLA Piper; Michael Georg Ziegaus – DLA Piper;
Clients: Knorr-Bremse AG;