NSK Ltd.’s Acquisition Of Brüel & Kjær Vibro From Spectris Plc

Clifford Chance has advised NSK Ltd. on the deal.

NSK Ltd. acquired Brüel & Kjær Vibro, the global condition monitoring system (CMS) business, from Spectris Plc. The parties signed the share and asset purchase agreement on 10 December 2020, and completion of the transaction occurred on 1 March 2021. The strategic acquisition of B&K Vibro, which is headquartered in Germany with sister companies in Denmark and the US, will help NSK accelerate innovation and the development of its business in the growing CMS market.

The Tokyo Stock Exchange-listed NSK is today the top supplier of bearings in Japan and is the third largest supplier in the world by market share. It has a portfolio of products and technologies that enhance automotive performance and industrial productivity whilst reducing energy consumption. B&K Vibro is one of the world‘s largest independent suppliers of machinery protection and condition monitoring systems, which are used in the oil & gas, petrochemical and renewable energy industries.

The complex cross-border deal involved a hybrid of share and asset transfers in 10 jurisdictions.  Tokyo partner Natsuko Sugihara (Picture) led a cross-border team in 12 offices in 10 countries, and local counsel in Denmark and Malaysia. The Clifford Chance team also included partners J?rg Rhiel (Frankfurt) and Benjamin Sibbett (New York), counsel Masafumi Shikakura (Tokyo), senior associates Shunsuke Nagae, Timothy Merchant (Tokyo) and Tobias Nogami Kamerling (Düsseldorf), and associates Stephanie Ohira (Tokyo), Matthias Christian Forster (Düsseldorf), Katherine Chang and Christine Kim (New York).

 

Involved fees earner: Katherine Chang – Clifford Chance; Matthias Forster – Clifford Chance; Tobias Kamerling – Clifford Chance; Christine Kim – Clifford Chance; Timothy Merchant – Clifford Chance; Shunsuke Nagae – Clifford Chance; Stephanie Ohira – Clifford Chance; J?rg Rhiel – Clifford Chance; Masafumi Shikakura – Clifford Chance; Benjamin Sibbett – Clifford Chance; Natsuko Sugihara – Clifford Chance;

Law Firms: Clifford Chance;

Clients: NSK Ltd. – Nippon Seik?;

Author: Sonia Carcano

NSK Ltd.’s Acquisition Of Brüel & Kjær Vibro From Spectris Plc

Clifford Chance has advised NSK Ltd. on the deal.

NSK Ltd. acquired Brüel & Kjær Vibro, the global condition monitoring system (CMS) business, from Spectris Plc. The parties signed the share and asset purchase agreement on 10 December 2020, and completion of the transaction occurred on 1 March 2021. The strategic acquisition of B&K Vibro, which is headquartered in Germany with sister companies in Denmark and the US, will help NSK accelerate innovation and the development of its business in the growing CMS market.

The Tokyo Stock Exchange-listed NSK is today the top supplier of bearings in Japan and is the third largest supplier in the world by market share. It has a portfolio of products and technologies that enhance automotive performance and industrial productivity whilst reducing energy consumption. B&K Vibro is one of the world‘s largest independent suppliers of machinery protection and condition monitoring systems, which are used in the oil & gas, petrochemical and renewable energy industries.

The complex cross-border deal involved a hybrid of share and asset transfers in 10 jurisdictions.  Tokyo partner Natsuko Sugihara (Picture) led a cross-border team in 12 offices in 10 countries, and local counsel in Denmark and Malaysia. The Clifford Chance team also included partners J?rg Rhiel (Frankfurt) and Benjamin Sibbett (New York), counsel Masafumi Shikakura (Tokyo), senior associates Shunsuke Nagae, Timothy Merchant (Tokyo) and Tobias Nogami Kamerling (Düsseldorf), and associates Stephanie Ohira (Tokyo), Matthias Christian Forster (Düsseldorf), Katherine Chang and Christine Kim (New York).

 

Involved fees earner: Katherine Chang – Clifford Chance; Matthias Forster – Clifford Chance; Tobias Kamerling – Clifford Chance; Christine Kim – Clifford Chance; Timothy Merchant – Clifford Chance; Shunsuke Nagae – Clifford Chance; Stephanie Ohira – Clifford Chance; J?rg Rhiel – Clifford Chance; Masafumi Shikakura – Clifford Chance; Benjamin Sibbett – Clifford Chance; Natsuko Sugihara – Clifford Chance;

Law Firms: Clifford Chance;

Clients: NSK Ltd. – Nippon Seik?;

Author: Sonia Carcano